Fort Pitt Capital Group LLC held its position in Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,125 shares of the utilities provider’s stock at the close of the second quarter. Fort Pitt Capital Group LLC’s holdings in Entergy Corporation were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ETR. Wellington Management Group LLP increased its stake in shares of Entergy Corporation by 19.5% in the first quarter. Wellington Management Group LLP now owns 603,109 shares of the utilities provider’s stock worth $45,812,000 after purchasing an additional 98,605 shares during the period. Teachers Advisors LLC increased its stake in shares of Entergy Corporation by 13.0% in the first quarter. Teachers Advisors LLC now owns 270,900 shares of the utilities provider’s stock worth $20,578,000 after purchasing an additional 31,236 shares during the period. Sentry Investment Management LLC increased its stake in shares of Entergy Corporation by 9.9% in the first quarter. Sentry Investment Management LLC now owns 14,090 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 1,273 shares during the period. Opus Investment Management Inc. increased its stake in shares of Entergy Corporation by 10.5% in the first quarter. Opus Investment Management Inc. now owns 42,000 shares of the utilities provider’s stock worth $3,190,000 after purchasing an additional 4,000 shares during the period. Finally, Ngam Advisors L.P. increased its stake in shares of Entergy Corporation by 9.4% in the first quarter. Ngam Advisors L.P. now owns 35,909 shares of the utilities provider’s stock worth $2,728,000 after purchasing an additional 3,087 shares during the period. Institutional investors and hedge funds own 84.16% of the company’s stock.

In related 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 document filed with the SEC, which is accessible through this link. Also, insider Sallie T. Rainer sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $77.78, for a total transaction of $77,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,495 shares of company stock worth $271,313 in the last quarter. 0.24% of the stock is currently owned by company insiders.

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Entergy Corporation (ETR) traded up 0.60% during midday trading on Friday, reaching $82.29. The company’s stock had a trading volume of 1,523,198 shares. The firm’s market cap is $14.77 billion. The firm has a 50 day moving average price of $78.71 and a 200-day moving average price of $77.49. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $82.83.

Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion for 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 last year, the firm earned $3.16 earnings per share. On average, analysts forecast that Entergy Corporation will post $6.72 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday. J P Morgan Chase & Co lifted their price objective on Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Morgan Stanley lifted 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, BMO Capital Markets restated a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Entergy Corporation has an average rating of “Hold” and a consensus target price of $79.33.

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

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