Wedge Capital Management L L P NC decreased its position in Entergy Corporation (NYSE:ETR) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,967 shares of the utilities provider’s stock after selling 16,540 shares during the period. Wedge Capital Management L L P NC owned approximately 0.09% of Entergy Corporation worth $11,897,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ETR. Macquarie Group Ltd. increased its position in Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock worth $4,357,000 after buying an additional 6,000 shares during the last quarter. Creative Planning increased its position in Entergy Corporation by 19.7% in the first quarter. Creative Planning now owns 11,333 shares of the utilities provider’s stock worth $861,000 after buying an additional 1,862 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Entergy Corporation by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 54,762 shares of the utilities provider’s stock worth $4,159,000 after buying an additional 440 shares during the last quarter. National Pension Service increased its position in Entergy Corporation by 8.0% in the first quarter. National Pension Service now owns 159,740 shares of the utilities provider’s stock worth $12,116,000 after buying an additional 11,878 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in Entergy Corporation by 24.2% in the first quarter. Capstone Asset Management Co. now owns 19,731 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 3,840 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Entergy Corporation (NYSE ETR) opened at 77.05 on Tuesday. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The stock’s market capitalization is $13.83 billion. The firm has a 50-day moving average price of $76.44 and a 200-day moving average price of $76.00.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm posted $3.16 EPS. On average, equities research analysts forecast that Entergy Corporation will post $6.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be given a dividend of $0.87 per share. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.52%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
A number of equities analysts have recently issued reports on ETR shares. Zacks Investment Research downgraded Entergy Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Mizuho reissued a “neutral” rating and set a $79.00 price target on shares of Entergy Corporation in a research report on Wednesday, April 19th. Barclays PLC reissued an “equal weight” rating and set a $78.00 price target (up previously from $74.00) on shares of Entergy Corporation in a research report on Sunday, April 23rd. TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price objective on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Entergy Corporation has an average rating of “Hold” and a consensus target price of $78.77.
In other news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was 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. Corporate insiders own 0.24% of the company’s stock.
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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