Amalgamated Bank Has $7.38 Million Stock Position in Entergy Corporation $ETR

by · The Cerbat Gem

Amalgamated Bank increased its position in Entergy Corporation (NYSE:ETR – Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,744 shares of the utilities provider’s stock after purchasing an additional 2,830 shares during the quarter. Amalgamated Bank’s holdings in Entergy were worth $7,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC grew its holdings in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 150 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy during the 1st quarter worth $28,000. Atwood & Palmer Inc. grew its holdings in Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 190 shares during the period. GoalVest Advisory LLC grew its holdings in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Entergy during the 1st quarter worth $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ETR has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Barclays set a $100.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Morgan Stanley set a $93.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 target price (up previously from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $102.37.

Check Out Our Latest Stock Report on ETR

Entergy Trading Up 0.1%

NYSE:ETR opened at $96.17 on Friday. Entergy Corporation has a fifty-two week low of $70.21 and a fifty-two week high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52. The stock has a market capitalization of $42.93 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The business’s 50-day simple moving average is $92.31 and its 200-day simple moving average is $87.17.

Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $2.37 billion for the quarter. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

About Entergy

(Free Report)

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.

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