Entergy Corporation (NYSE:ETR) Shares Bought by Advisor Partners LLC
Advisor Partners LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 4,891 shares of the utilities provider’s stock after buying an additional 24 shares during the period. Advisor Partners LLC’s holdings in Entergy Corporation were worth $375,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Washington Trust Bank increased its stake in shares of Entergy Corporation by 118.8% in the first quarter. Washington Trust Bank now owns 5,590 shares of the utilities provider’s stock worth $425,000 after buying an additional 3,035 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Entergy Corporation during the first quarter worth $839,000. Fox Run Management L.L.C. acquired a new stake in shares of Entergy Corporation during the first quarter worth $352,000. Atria Investments LLC increased its stake in shares of Entergy Corporation by 43.4% in the first quarter. Atria Investments LLC now owns 32,555 shares of the utilities provider’s stock worth $2,473,000 after buying an additional 9,848 shares during the last quarter. Finally, Visionary Asset Management Inc. increased its stake in shares of Entergy Corporation by 11.7% in the first quarter. Visionary Asset Management Inc. now owns 42,086 shares of the utilities provider’s stock worth $3,197,000 after buying an additional 4,400 shares during the last quarter. 83.29% of the stock is owned by institutional investors.
Shares of Entergy Corporation (ETR) opened at 76.81 on Thursday. The stock’s market capitalization is $13.79 billion. The firm’s 50-day moving average is $76.66 and its 200-day moving average is $75.83. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83.
Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the business earned $3.16 earnings per share. On average, analysts predict that Entergy Corporation will post $5.49 earnings per share for the current fiscal 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 issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio (DPR) is presently -69.74%.
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A number of brokerages have weighed in on ETR. Zacks Investment Research downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. ValuEngine downgraded shares of Entergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wells Fargo & Company upped their price target on shares of Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Morgan Stanley upped their price target on shares of Entergy Corporation from $77.00 to $78.00 and gave the company an “underweight” rating in a report on Monday, May 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.46.
In other news, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 600 shares of Entergy Corporation stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $75.92, for a total value of $45,552.00. The disclosure for this sale can be found here. 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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