Leeward Investments LLC MA Lowers Holdings in Entergy Corporation $ETR

Leeward Investments LLC MA decreased its stake in Entergy Corporation (NYSE:ETR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,085 shares of the utilities provider’s stock after selling 1,839 shares during the quarter. Leeward Investments LLC MA’s holdings in Entergy were worth $9,566,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ETR. Brighton Jones LLC boosted its stake in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the last quarter. GAMMA Investing LLC boosted its position in Entergy by 9.8% during the first quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock worth $1,328,000 after purchasing an additional 1,390 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Entergy by 559.3% during the first quarter. Golden State Wealth Management LLC now owns 923 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 783 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Entergy by 217.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 158,387 shares of the utilities provider’s stock worth $13,541,000 after purchasing an additional 108,457 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Entergy by 30.6% during the first quarter. Sequoia Financial Advisors LLC now owns 6,879 shares of the utilities provider’s stock worth $588,000 after purchasing an additional 1,611 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $96.62 on Friday. Entergy Corporation has a one year low of $66.85 and a one year high of $98.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market cap of $43.13 billion, a PE ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 0.62. The stock has a 50 day moving average price of $91.61 and a 200 day moving average price of $86.65.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $2.37 billion during the quarter. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ETR. KeyCorp reiterated an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Scotiabank set a $105.00 price target on Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Evercore ISI set a $98.00 price target on Entergy and gave the stock an “in-line” rating in a research report on Monday, October 6th. Mizuho set a $97.00 price target on Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Entergy Company 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.