Stephens Inc. AR raised its holdings in Entergy Corporation (NYSE:ETR) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,104 shares of the utilities provider’s stock after buying an additional 1,870 shares during the period. Stephens Inc. AR’s holdings in Entergy Corporation were worth $1,236,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. raised its stake in Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares in the last quarter. V Wealth Management LLC acquired a new stake in Entergy Corporation in the second quarter valued at $106,000. Parallel Advisors LLC raised its stake in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares in the last quarter. Tiedemann Wealth Management LLC acquired a new stake in Entergy Corporation in the first quarter valued at $203,000. Finally, ClariVest Asset Management LLC acquired a new stake in Entergy Corporation in the first quarter valued at $205,000. Institutional investors own 84.16% of the company’s stock.
Entergy Corporation (NYSE ETR) opened at 76.75 on Friday. The company has a 50-day moving average price of $78.33 and a 200 day moving average price of $77.11. The firm’s market cap is $13.78 billion. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $81.83.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same quarter in the prior year, the business earned $3.16 earnings per share. Equities research analysts anticipate that Entergy Corporation will post $6.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 10th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $3.48 annualized dividend and a yield of 4.53%. Entergy Corporation’s dividend payout ratio (DPR) is -69.74%.
A number of research firms have weighed in on ETR. Morgan Stanley raised their price target 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 report on Wednesday, August 2nd. ValuEngine cut Entergy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a research report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Entergy Corporation presently has an average rating of “Hold” and an average price target of $78.17.
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In related news, Director Alexis M. Herman sold 995 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sallie T. Rainer sold 1,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $77.78, for a total transaction of $77,780.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,495 shares of company stock worth $271,313. 0.24% of the stock is owned by company 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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