Heritage Way Advisors LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 123.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,800 shares of the utilities provider’s stock after buying an additional 12,600 shares during the quarter. Heritage Way Advisors LLC’s holdings in Entergy were worth $1,856,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Epoch Investment Partners Inc. increased its position in Entergy by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after buying an additional 35,312 shares during the last quarter. Bank of Montreal Can increased its position in Entergy by 39.5% during the fourth quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after buying an additional 567,130 shares during the last quarter. Legal & General Group Plc increased its position in Entergy by 2.8% during the third quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock worth $88,976,000 after buying an additional 31,458 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Entergy by 27.7% in the third quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock valued at $88,036,000 after purchasing an additional 250,267 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Entergy by 2.2% in the third quarter. Parametric Portfolio Associates LLC now owns 979,177 shares of the utilities provider’s stock valued at $74,770,000 after purchasing an additional 21,174 shares during the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Co. (ETR) traded down $0.72 during midday trading on Thursday, hitting $77.79. 1,048,586 shares of the company traded hands, compared to its average volume of 1,265,836. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a market capitalization of $14,000.13, a PE ratio of -15.75, a PEG ratio of 2.23 and a beta of 0.55.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $2.31 earnings per share. sell-side analysts predict that Entergy Co. will post 6.88 earnings per share for the current year.

In related news, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Paul D. Hinnenkamp sold 2,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $86.00, for a total transaction of $215,000.00. Following the completion of the sale, the chief operating officer now owns 23,425 shares of the company’s stock, valued at approximately $2,014,550. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,768 shares of company stock valued at $2,570,188. 0.24% of the stock is owned by corporate insiders.

ETR has been the topic of several research analyst reports. Bank of America raised Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, December 12th. Citigroup raised Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, October 13th. TheStreet downgraded Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Mizuho reaffirmed a “hold” rating and issued a $83.00 price target on shares of Entergy in a research report on Friday, October 27th. Finally, Morgan Stanley raised their price target on Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Entergy has a consensus rating of “Buy” and an average price target of $84.54.

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Entergy Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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