Epoch Investment Partners Inc. Has $251.34 Million Stake in Entergy Corporation (ETR)
Epoch Investment Partners Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273,973 shares of the utilities provider’s stock after purchasing an additional 35,312 shares during the period. Epoch Investment Partners Inc. owned 1.82% of Entergy Corporation worth $251,343,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. increased its stake in shares of Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 410 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of Entergy Corporation in the 2nd quarter worth $106,000. Parallel Advisors LLC increased its stake in shares of Entergy Corporation by 291.6% in the 1st quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after purchasing an additional 1,770 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of Entergy Corporation in the 2nd quarter worth $204,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Entergy Corporation in the 1st quarter worth $205,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.
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Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company earned $3.16 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were paid a dividend of $0.87 per share. The ex-dividend date was Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.53%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
In other news, insider Charles L. Rice, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total transaction of $78,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00. The disclosure for this sale can be found here. Insiders have sold 3,495 shares of company stock valued at $271,313 in the last three months. Corporate insiders own 0.24% of the company’s stock.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine lowered Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Morgan Stanley upped their price objective on Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Finally, Wells Fargo & Company upped their price objective on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $78.17.
Entergy Corporation 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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