Entergy Corporation (ETR) Position Decreased by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. cut its stake in shares of Entergy Corporation (NYSE:ETR) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,927 shares of the utilities provider’s stock after selling 487 shares during the period. Rothschild Asset Management Inc.’s holdings in Entergy Corporation were worth $532,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of ETR. Hudock Capital Group LLC boosted its stake in Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock valued at $379,000 after buying an additional 20 shares in the last quarter. Ffcm LLC boosted its stake in Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock valued at $629,000 after buying an additional 31 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $334,000 after buying an additional 43 shares in the last quarter. Outfitter Advisors LTD. boosted its stake in Entergy Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 6,440 shares of the utilities provider’s stock valued at $489,000 after buying an additional 50 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in Entergy Corporation by 1.6% in the second quarter. BKD Wealth Advisors LLC now owns 3,710 shares of the utilities provider’s stock valued at $285,000 after buying an additional 58 shares in the last quarter. 83.29% of the stock is owned by institutional investors and hedge funds.
Entergy Corporation (NYSE ETR) opened at 76.20 on Friday. The stock has a 50 day moving average price of $76.50 and a 200-day moving average price of $75.88. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83. The firm’s market capitalization is $13.68 billion.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. The company 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 quarter in the prior year, the company earned $3.16 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post $5.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be issued a $0.87 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.57%. Entergy Corporation’s payout ratio is currently -69.74%.
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Several analysts have recently commented on the company. Zacks Investment Research cut Entergy Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Jefferies Group LLC reissued a “hold” rating on shares of Entergy Corporation in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Entergy Corporation in a report on Tuesday, May 2nd. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.77.
In other news, insider Haley Fisackerly sold 500 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the stock in a transaction on Friday, August 4th. The shares were 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 sold 2,095 shares of company stock valued at $160,135 in the last 90 days. 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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