Entergy Corporation (NYSE:ETR) Shares Sold by US Bancorp DE
US Bancorp DE lowered its position in shares of Entergy Corporation (NYSE:ETR) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,228 shares of the utilities provider’s stock after selling 3,480 shares during the period. US Bancorp DE’s holdings in Entergy Corporation were worth $1,400,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. V Wealth Management LLC acquired a new stake in shares of Entergy Corporation during the second quarter worth approximately $106,000. Ledyard National Bank purchased a new stake in Entergy Corporation during the first quarter worth about $123,000. Advisory Services Network LLC purchased a new stake in Entergy Corporation during the first quarter worth about $174,000. Parallel Advisors LLC increased its stake in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after buying an additional 1,770 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in Entergy Corporation during the first quarter worth about $203,000. 83.67% of the stock is owned by institutional investors.
Shares of Entergy Corporation (NYSE ETR) traded up 0.03% during trading on Friday, hitting $76.88. The stock had a trading volume of 1,068,056 shares. The stock’s 50-day moving average price is $77.14 and its 200 day moving average price is $75.66. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The firm’s market capitalization is $13.80 billion.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the prior year, the business posted $3.16 EPS. On average, analysts anticipate that Entergy Corporation will post $5.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.53%. Entergy Corporation’s dividend payout ratio (DPR) is -69.74%.
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A number of research firms have issued reports on ETR. TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Deutsche Bank AG raised their target price on Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. BidaskClub raised Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Finally, ValuEngine downgraded Entergy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $78.46.
In other news, insider Haley Fisackerly sold 600 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $75.92, for a total value of $45,552.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.
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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