Orleans Capital Management Corp LA decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,952 shares of the utilities provider’s stock after selling 900 shares during the period. Orleans Capital Management Corp LA’s holdings in Entergy Corporation were worth $841,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Entergy Corporation by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after buying an additional 470,255 shares during the period. BlackRock Inc. raised its holdings in Entergy Corporation by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after purchasing an additional 154,117 shares in the last quarter. State Street Corp raised its holdings in Entergy Corporation by 1.2% during the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock worth $738,419,000 after purchasing an additional 115,341 shares in the last quarter. AJO LP raised its holdings in Entergy Corporation by 16.0% during the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after purchasing an additional 485,602 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in Entergy Corporation by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after purchasing an additional 35,312 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.
In related news, insider Haley Fisackerly sold 500 shares of the business’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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total transaction of $78,950.00. The disclosure for this sale can be found here. Insiders sold a total of 3,495 shares of company stock worth $271,313 over the last quarter. Insiders own 0.24% of the company’s stock.
Shares of Entergy Corporation (NYSE:ETR) traded up 0.61% on Friday, reaching $82.30. 818,320 shares of the company’s stock were exchanged. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $82.83. The stock’s 50-day moving average price is $78.62 and its 200-day moving average price is $77.44. The company’s market capitalization is $14.77 billion.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm earned $3.16 EPS. Analysts anticipate that Entergy Corporation will post $6.72 EPS for the current fiscal year.
Several research analysts recently issued reports on ETR shares. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co increased their price target on shares of Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a report on Thursday, July 6th. Morgan Stanley increased their price target on shares of Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. Finally, Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $79.33.
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Entergy Corporation 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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