Strategic Global Advisors LLC cut its stake in Entergy Corporation (NYSE:ETR) by 33.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,106 shares of the utilities provider’s stock after selling 2,060 shares during the period. Strategic Global Advisors LLC’s holdings in Entergy Corporation were worth $315,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after acquiring an additional 470,255 shares during the last quarter. BlackRock Inc. boosted its position in shares of Entergy Corporation by 1.0% in the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after acquiring an additional 154,117 shares during the last quarter. State Street Corp boosted its position in shares of Entergy Corporation by 1.2% in the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock worth $738,419,000 after acquiring an additional 115,341 shares during the last quarter. AJO LP boosted its position in shares of Entergy Corporation by 16.0% in the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after acquiring an additional 485,602 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Entergy Corporation by 6.9% in the first quarter. FMR LLC now owns 3,488,914 shares of the utilities provider’s stock worth $265,018,000 after acquiring an additional 225,184 shares during the last quarter. 84.16% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Entergy Corporation (NYSE:ETR) traded up 0.06% on Monday, reaching $78.92. 28,009 shares of the company’s stock were exchanged. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $81.83. The company’s market capitalization is $14.17 billion. The firm’s 50 day moving average price is $78.23 and its 200-day moving average price is $77.05.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same quarter in the previous year, the business posted $3.16 EPS. On average, equities analysts anticipate that Entergy Corporation will post $6.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 10th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.41%. Entergy Corporation’s payout ratio is -69.74%.
Several equities research analysts recently issued reports on ETR shares. Zacks Investment Research cut shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Jefferies Group LLC reissued a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. ValuEngine cut shares of Entergy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Morgan Stanley raised their target price on shares of Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $78.33.
In related news, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. In the last three months, insiders sold 3,495 shares of company stock valued at $271,313. 0.24% of the stock is currently owned by company insiders.
About Entergy Corporation
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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