Dimensional Fund Advisors LP boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410,942 shares of the utilities provider’s stock after purchasing an additional 4,479 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.23% of Entergy Corporation worth $31,549,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in Entergy Corporation by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 410 shares in the last quarter. V Wealth Management LLC purchased a new position in Entergy Corporation during the second quarter worth approximately $106,000. Parallel Advisors LLC boosted its position in Entergy Corporation by 3.0% during the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Entergy Corporation during the second quarter worth approximately $204,000. Finally, IBM Retirement Fund boosted its position in Entergy Corporation by 34.1% during the second quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 678 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.
In related news, insider Haley Fisackerly sold 500 shares of Entergy Corporation 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,039 shares of company stock worth $2,823,647 in the last three months. Corporate insiders own 0.24% of the company’s stock.
A number of equities analysts have issued reports on ETR shares. Jefferies Group LLC reiterated a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. BMO Capital Markets reissued a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a report on Friday, August 4th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, Morgan Stanley increased their target price on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.42.
Shares of Entergy Corporation (NYSE:ETR) opened at 86.26 on Wednesday. The company has a 50 day moving average price of $80.74 and a 200 day moving average price of $78.30. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $87.00. The firm’s market cap is $15.49 billion.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the previous year, the company earned $2.31 EPS. On average, analysts forecast that Entergy Corporation will post $6.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.89 per share. This is a positive change from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 4.13%. Entergy Corporation’s payout ratio is -70.45%.
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.
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR).
What are top analysts saying about Entergy Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Entergy Corporation and related companies.