Sciencast Management LP Takes Position in Entergy Co. (NYSE:ETR)

Sciencast Management LP acquired a new position in Entergy Co. (NYSE:ETR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,333 shares of the utilities provider’s stock, valued at approximately $1,937,000. Entergy makes up approximately 1.2% of Sciencast Management LP’s investment portfolio, making the stock its 11th largest position.

A number of other large investors also recently modified their holdings of the business. Empirical Finance LLC raised its stake in Entergy by 3.6% during the 1st quarter. Empirical Finance LLC now owns 7,394 shares of the utilities provider’s stock valued at $781,000 after purchasing an additional 259 shares during the last quarter. Duality Advisers LP increased its holdings in shares of Entergy by 7.0% during the 1st quarter. Duality Advisers LP now owns 3,337 shares of the utilities provider’s stock worth $353,000 after purchasing an additional 218 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of Entergy by 16.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 16,648 shares of the utilities provider’s stock valued at $1,759,000 after buying an additional 2,387 shares during the last quarter. Oxbow Advisors LLC lifted its stake in shares of Entergy by 3.8% in the first quarter. Oxbow Advisors LLC now owns 42,218 shares of the utilities provider’s stock valued at $4,462,000 after buying an additional 1,556 shares during the period. Finally, Csenge Advisory Group lifted its stake in shares of Entergy by 4.5% in the first quarter. Csenge Advisory Group now owns 8,167 shares of the utilities provider’s stock valued at $863,000 after buying an additional 349 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of NYSE:ETR traded up $0.68 during midday trading on Friday, reaching $109.17. The company’s stock had a trading volume of 1,013,203 shares, compared to its average volume of 1,534,405. The business’s fifty day simple moving average is $108.70 and its 200-day simple moving average is $104.62. The company has a market capitalization of $23.31 billion, a P/E ratio of 10.95, a P/E/G ratio of 2.00 and a beta of 0.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at $273,260.17. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. KeyCorp upped their price target on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Morgan Stanley cut their target price on Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research note on Monday, June 24th. Barclays raised their target price on Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 price target (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Finally, Mizuho raised their price objective on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.50.

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.