Amalgamated Bank grew its stake in Entergy Corporation (NYSE:ETR) by 61.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,230 shares of the utilities provider’s stock after acquiring an additional 7,661 shares during the period. Amalgamated Bank’s holdings in Entergy Corporation were worth $1,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hudock Capital Group LLC grew its holdings in shares of Entergy Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 20 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of Entergy Corporation by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 24 shares in the last quarter. Univest Corp of Pennsylvania grew its holdings in shares of Entergy Corporation by 0.6% in the 2nd quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 25 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of Entergy Corporation by 0.4% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 27 shares in the last quarter. Finally, Cleararc Capital Inc. grew its holdings in shares of Entergy Corporation by 1.0% in the 1st quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.

A number of research firms recently commented on ETR. Morgan Stanley lifted their price target on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine cut Entergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. Two 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. The company has a consensus rating of “Hold” and an average price target of $78.33.

Shares of Entergy Corporation (NYSE ETR) opened at 77.80 on Thursday. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $81.83. The firm’s market capitalization is $13.97 billion. The firm’s 50-day moving average is $78.33 and its 200 day moving average is $77.11.

Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm earned $3.16 EPS. On average, equities research analysts anticipate that Entergy Corporation will post $6.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is currently -69.74%.

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In other news, Director Alexis M. Herman sold 995 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total transaction of $78,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,495 shares of company stock valued at $271,313 over the last three months. Insiders own 0.24% of the company’s stock.

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.

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

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