Benjamin F. Edwards & Company Inc. increased its position in shares of Entergy Corporation (NYSE:ETR) by 46.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,300 shares of the utilities provider’s stock after buying an additional 410 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Entergy Corporation were worth $100,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. boosted its position in shares of Entergy Corporation by 0.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 191,930 shares of the utilities provider’s stock worth $14,734,000 after buying an additional 639 shares during the period. Hartford Investment Management Co. boosted its position in shares of Entergy Corporation by 8.0% in the second quarter. Hartford Investment Management Co. now owns 51,003 shares of the utilities provider’s stock worth $3,916,000 after buying an additional 3,783 shares during the period. Paragon Capital Management Ltd boosted its position in shares of Entergy Corporation by 12.8% in the second quarter. Paragon Capital Management Ltd now owns 3,021 shares of the utilities provider’s stock worth $232,000 after buying an additional 343 shares during the period. Boston Advisors LLC boosted its position in shares of Entergy Corporation by 8.0% in the second quarter. Boston Advisors LLC now owns 219,592 shares of the utilities provider’s stock worth $16,858,000 after buying an additional 16,230 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Entergy Corporation by 0.9% in the second quarter. Russell Investments Group Ltd. now owns 713,194 shares of the utilities provider’s stock worth $54,750,000 after buying an additional 6,293 shares during the period. Hedge funds and other institutional investors own 83.29% of the company’s stock.

Shares of Entergy Corporation (NYSE:ETR) opened at 76.88 on Monday. The firm’s market capitalization is $13.80 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83. The company has a 50-day moving average of $77.14 and a 200 day moving average of $75.66.

Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $3.16 earnings per share. On average, analysts predict that Entergy Corporation will post $5.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 annualized dividend and a dividend yield of 4.53%. Entergy Corporation’s dividend payout ratio is -69.74%.

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A number of brokerages have weighed in on ETR. 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. BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine cut shares of 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 issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.46.

In other news, insider Haley Fisackerly sold 600 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

About Entergy Corporation

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

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