BlueCrest Capital Management Ltd acquired a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,619 shares of the utilities provider’s stock, valued at approximately $2,504,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. increased 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 purchasing an additional 410 shares during the period. V Wealth Management LLC acquired a new position in Entergy Corporation in the second quarter valued at $106,000. Parallel Advisors LLC increased 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 purchasing an additional 1,770 shares during the period. BlueMountain Capital Management LLC acquired a new position in Entergy Corporation in the second quarter valued at $204,000. Finally, IBM Retirement Fund increased its stake in Entergy Corporation by 34.1% in the second quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 678 shares during the period. Institutional investors own 84.16% of the company’s stock.
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 value of $75,998.10. The transaction was disclosed in a legal filing 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 ninety days, insiders sold 3,495 shares of company stock worth $271,313. Corporate insiders own 0.24% of the company’s stock.
A number of brokerages have recently issued reports on ETR. Morgan Stanley boosted their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.70.
Entergy Corporation (NYSE:ETR) opened at 79.97 on Wednesday. The stock’s 50 day moving average is $78.50 and its 200-day moving average is $77.39. The firm’s market capitalization is $14.36 billion. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $80.61.
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 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 for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the company earned $3.16 EPS. On average, equities research analysts expect that Entergy Corporation will post $6.57 EPS for the current year.
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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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