Foster & Motley Inc. lowered its position in Entergy Corporation (NYSE:ETR) by 8.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,731 shares of the utilities provider’s stock after selling 2,894 shares during the period. Foster & Motley Inc.’s holdings in Entergy Corporation were worth $2,282,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ETR. Clinton Group Inc. bought a new stake in Entergy Corporation during the first quarter worth $643,000. Macquarie Group Ltd. boosted its stake 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. Ameriprise Financial Inc. boosted its stake in Entergy Corporation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock worth $338,859,000 after buying an additional 305,111 shares during the last quarter. Swiss National Bank boosted its stake in Entergy Corporation by 28.4% in the first quarter. Swiss National Bank now owns 634,722 shares of the utilities provider’s stock worth $48,213,000 after buying an additional 140,300 shares during the last quarter. Finally, Financial Counselors Inc. boosted its stake in Entergy Corporation by 5.4% in the first quarter. Financial Counselors Inc. now owns 62,945 shares of the utilities provider’s stock worth $4,781,000 after buying an additional 3,215 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors.
Shares of Entergy Corporation (ETR) opened at 77.84 on Friday. The company’s 50 day moving average price is $76.40 and its 200 day moving average price is $76.13. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83. The firm’s market capitalization is $13.97 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, August 8th. Entergy Corporation’s payout ratio is presently -69.74%.
A number of analysts have weighed in on ETR shares. BMO Capital Markets reissued a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. BidaskClub upgraded shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Mizuho decreased their target price on shares of Entergy Corporation from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Entergy Corporation presently has an average rating of “Hold” and an average price target of $78.77.
In related news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 500 shares of the firm’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 value of $38,585.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,495 shares of company stock worth $192,363 in the last three months. 0.24% of the stock is owned by insiders.
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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