Public Employees Retirement Association of Colorado reduced its position in Entergy Corporation (NYSE:ETR) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,823 shares of the utilities provider’s stock after selling 27 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Entergy Corporation were worth $2,520,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Entergy Corporation by 3,574.9% in the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock worth $1,222,173,000 after buying an additional 15,651,863 shares in the last quarter. Vanguard Group Inc. boosted 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 during the period. First Trust Advisors LP boosted its position in shares of Entergy Corporation by 53.6% in the first quarter. First Trust Advisors LP now owns 1,316,293 shares of the utilities provider’s stock valued at $99,986,000 after buying an additional 459,327 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Entergy Corporation by 215.6% in the first quarter. OppenheimerFunds Inc. now owns 484,312 shares of the utilities provider’s stock valued at $36,789,000 after buying an additional 330,858 shares during the period. Finally, Ameriprise Financial Inc. boosted 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 during the period. Institutional investors own 82.53% of the company’s stock.
Shares of Entergy Corporation (NYSE ETR) opened at 77.84 on Friday. The stock’s market cap is $13.97 billion. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83. The stock’s 50 day moving average is $76.40 and its 200 day moving average is $76.13.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings data 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 firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm posted $3.16 earnings per share. On average, equities analysts expect that Entergy Corporation will post $6.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 10th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Tuesday, August 8th. Entergy Corporation’s payout ratio is presently -69.74%.
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ETR has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research report on Friday, August 11th. Morgan Stanley increased their target price on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. BMO Capital Markets reiterated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. Finally, BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.77.
In other news, insider Sallie T. Rainer sold 1,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $77.78, for a total value of $77,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The disclosure for this sale can be found here. Insiders have sold 2,495 shares of company stock worth $192,363 over the last ninety days. 0.24% of the stock is currently owned by 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.
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