Entergy Corporation (ETR) Stake Increased by Nomura Holdings Inc.

Nomura Holdings Inc. grew its holdings in Entergy Corporation (NYSE:ETR) by 4,433.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,415 shares of the utilities provider’s stock after buying an additional 240,001 shares during the period. Nomura Holdings Inc. owned 0.14% of Entergy Corporation worth $18,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Entergy Corporation in the second quarter valued at approximately $106,000. Parallel Advisors LLC lifted its position in shares of Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Entergy Corporation in the second quarter valued at approximately $204,000. Finally, IBM Retirement Fund lifted its position in shares of Entergy Corporation by 34.1% in the second quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock valued at $205,000 after buying an additional 678 shares during the last quarter. 84.16% of the stock is owned by institutional investors.

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A number of research firms have recently issued reports on ETR. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Morgan Stanley increased their target price on Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $77.70.

Entergy Corporation (ETR) traded up 1.12% during trading on Tuesday, reaching $79.74. The company’s stock had a trading volume of 316,907 shares. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $80.61. The company’s market cap is $14.31 billion. The stock’s 50 day moving average is $78.46 and its 200 day moving average is $77.37.

Entergy Corporation (NYSE:ETR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $3.16 earnings per share. On average, equities analysts expect that Entergy Corporation will post $6.57 EPS for the current fiscal year.

In other news, insider Charles L. Rice, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total value of $78,950.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction 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. In the last ninety days, insiders sold 3,495 shares of company stock worth $271,313. Insiders own 0.24% of the company’s stock.

Entergy Corporation 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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