Gateway Investment Advisers LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,675 shares of the utilities provider’s stock after buying an additional 349 shares during the period. Gateway Investment Advisers LLC’s holdings in Entergy Corporation were worth $973,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of ETR. Hudock Capital Group LLC raised its position in shares of Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock valued at $379,000 after buying an additional 20 shares during the last quarter. Ffcm LLC raised its position in shares of Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock valued at $629,000 after buying an additional 31 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $334,000 after buying an additional 43 shares during the last quarter. Outfitter Advisors LTD. raised its position in shares of Entergy Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 6,440 shares of the utilities provider’s stock valued at $489,000 after buying an additional 50 shares during the last quarter. Finally, BKD Wealth Advisors LLC raised its position in shares of Entergy Corporation by 1.6% in the second quarter. BKD Wealth Advisors LLC now owns 3,710 shares of the utilities provider’s stock valued at $285,000 after buying an additional 58 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors.
Shares of Entergy Corporation (ETR) traded down 0.73% during midday trading on Thursday, reaching $77.55. 612,303 shares of the company were exchanged. The stock’s market capitalization is $13.92 billion. The company’s 50-day moving average price is $76.38 and its 200 day moving average price is $76.07. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83.
Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $1.91. The firm had revenue of $2.62 billion during 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 period in the previous year, the business posted $3.16 EPS. On average, equities analysts predict that Entergy Corporation will post $6.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s payout ratio is -69.74%.
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Several brokerages have issued reports on ETR. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Entergy Corporation in a research note on Tuesday, May 2nd. TheStreet upgraded shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company increased their target price on shares of Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $78.77.
In other news, Director Alexis M. Herman sold 995 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 500 shares of the company’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 transaction of $38,585.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
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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