UBS Asset Management Americas Inc. Has $46.97 Million Holdings in Entergy Corporation (ETR)
UBS Asset Management Americas Inc. boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 611,846 shares of the utilities provider’s stock after buying an additional 20,639 shares during the period. UBS Asset Management Americas Inc. owned 0.34% of Entergy Corporation worth $46,971,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Entergy Corporation by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after buying an additional 410 shares during the period. V Wealth Management LLC purchased a new stake in Entergy Corporation during the second quarter worth $106,000. Parallel Advisors LLC lifted its holdings in Entergy Corporation by 291.6% during the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after buying an additional 1,770 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Entergy Corporation during the 2nd quarter valued at $204,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Entergy Corporation during the 1st quarter valued at $205,000. Institutional investors own 84.16% of the company’s stock.
Several brokerages have recently commented on ETR. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley increased their price objective on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Zacks Investment Research upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Wells Fargo & Company increased their price objective on Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.17.
In other news, insider Sallie T. Rainer sold 1,000 shares of Entergy Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $77.78, for a total transaction of $77,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,495 shares of company stock valued at $271,313. Corporate insiders own 0.24% of the company’s stock.
Entergy Corporation (ETR) opened at 77.76 on Tuesday. The company has a 50 day moving average price of $78.33 and a 200 day moving average price of $77.11. The firm’s market capitalization is $13.96 billion. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same period in the previous year, the company earned $3.16 EPS. On average, equities analysts forecast that Entergy Corporation will post $6.70 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.47%. Entergy Corporation’s dividend payout ratio (DPR) is currently -69.74%.
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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