Coston McIsaac & Partners Buys 710 Shares of Entergy Corporation (NYSE:ETR)

Coston McIsaac & Partners increased its stake in Entergy Corporation (NYSE:ETR) by 101.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,408 shares of the utilities provider’s stock after acquiring an additional 710 shares during the quarter. Coston McIsaac & Partners’ holdings in Entergy were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in Entergy in the third quarter worth approximately $27,000. Cetera Trust Company N.A acquired a new stake in shares of Entergy during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC increased its stake in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC bought a new stake in shares of Entergy in the 4th quarter valued at $30,000. Finally, Ulland Investment Advisors LLC boosted its stake in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 2.3 %

Shares of ETR stock opened at $79.43 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a market cap of $34.06 billion, a P/E ratio of 19.35, a PEG ratio of 2.54 and a beta of 0.71. The company has a 50 day moving average of $76.93 and a 200-day moving average of $68.34. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the business posted $1.64 earnings per share. Sell-side analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Guggenheim lifted their price target on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $58.00 to $75.00 in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a report on Thursday. Barclays lifted their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their target price on shares of Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the transaction, the insider now directly owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliecer Viamontes sold 400 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the sale, the insider now directly owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,756 shares of company stock worth $1,095,637 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.