Entergy Corporation (ETR) Shares Sold by Commonwealth Bank of Australia

Commonwealth Bank of Australia cut its holdings in Entergy Corporation (NYSE:ETR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,809 shares of the utilities provider’s stock after selling 230 shares during the period. Commonwealth Bank of Australia’s holdings in Entergy Corporation were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Ffcm LLC raised its position in shares of Entergy Corporation by 17.5% in the 2nd quarter. Ffcm LLC now owns 9,731 shares of the utilities provider’s stock worth $747,000 after acquiring an additional 1,449 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Entergy Corporation by 30.6% in the 2nd quarter. State of Tennessee Treasury Department now owns 128,986 shares of the utilities provider’s stock worth $9,902,000 after acquiring an additional 30,195 shares in the last quarter. Sawtooth Solutions LLC raised its position in shares of Entergy Corporation by 7.1% in the 2nd quarter. Sawtooth Solutions LLC now owns 16,734 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 1,109 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Entergy Corporation in the 2nd quarter worth about $3,090,000. Finally, Swiss National Bank raised its position in shares of Entergy Corporation by 3.3% in the 2nd quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock worth $50,324,000 after acquiring an additional 20,800 shares in the last quarter. 84.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Corporation (ETR) opened at 79.81 on Monday. The firm’s market cap is $14.33 billion. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The firm’s 50-day moving average price is $77.80 and its 200-day moving average price is $76.90.

Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm earned $3.16 earnings per share. Equities research analysts anticipate that Entergy Corporation will post $6.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 10th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is currently -69.74%.

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Several brokerages have recently commented on ETR. Morgan Stanley raised their target price on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC restated a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.33.

In related news, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total value of $38,585.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The disclosure for this sale can be found here. Insiders sold 3,495 shares of company stock worth $271,313 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Entergy Corporation Company 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 Corporation (NYSE:ETR)

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