Hartford Investment Management Co. Acquires 3,783 Shares of Entergy Corporation (ETR)

Hartford Investment Management Co. boosted its position in Entergy Corporation (NYSE:ETR) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,003 shares of the utilities provider’s stock after buying an additional 3,783 shares during the period. Hartford Investment Management Co.’s holdings in Entergy Corporation were worth $3,916,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock valued at $1,513,680,000 after buying an additional 470,255 shares in the last quarter. BlackRock Inc. increased its position in shares of Entergy Corporation by 3,574.9% in the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock valued at $1,222,173,000 after buying an additional 15,651,863 shares in the last quarter. State Street Corp increased its position in shares of Entergy Corporation by 1.2% in the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock valued at $738,419,000 after buying an additional 115,341 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Entergy Corporation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock valued at $338,859,000 after buying an additional 305,111 shares in the last quarter. Finally, FMR LLC increased its position in shares of Entergy Corporation by 6.9% in the first quarter. FMR LLC now owns 3,488,914 shares of the utilities provider’s stock valued at $265,018,000 after buying an additional 225,184 shares in the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

Shares of Entergy Corporation (NYSE:ETR) traded up 0.37% during midday trading on Friday, hitting $77.84. 875,719 shares of the stock traded hands. The company’s 50-day moving average is $76.40 and its 200 day moving average 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.

Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating 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 company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. Analysts anticipate that Entergy Corporation will post $6.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be given a $0.87 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.47%. Entergy Corporation’s payout ratio is currently -69.74%.

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Several brokerages have recently issued reports on ETR. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research report on Friday, August 11th. Morgan Stanley upped their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Friday, August 4th. Finally, BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Entergy Corporation presently has a consensus rating of “Hold” and an average target price of $78.77.

In other Entergy Corporation news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total value of $38,585.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sallie T. Rainer sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were 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. Insiders sold 2,495 shares of company stock worth $192,363 in the last ninety days. 0.24% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Entergy Corporation (NYSE:ETR)

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