Canada Pension Plan Investment Board lowered its stake in Entergy Corporation (NYSE:ETR) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,958 shares of the utilities provider’s stock after selling 78,150 shares during the period. Canada Pension Plan Investment Board’s holdings in Entergy Corporation were worth $18,729,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. raised its position in Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares during the last quarter. V Wealth Management LLC bought a new position in Entergy Corporation during the second quarter valued at about $106,000. Ledyard National Bank bought a new position in Entergy Corporation during the first quarter valued at about $123,000. Advisory Services Network LLC bought a new position in Entergy Corporation during the first quarter valued at about $174,000. Finally, Parallel Advisors LLC raised its position in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares during the last quarter. Institutional investors own 82.53% of the company’s stock.
Entergy Corporation (ETR) opened at 77.05 on Tuesday. The company’s market cap is $13.83 billion. The stock’s 50 day moving average price is $76.44 and its 200 day moving average price is $76.00. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the firm posted $3.16 earnings per share. Equities research analysts anticipate that Entergy Corporation will post $6.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 10th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $3.48 annualized dividend and a yield of 4.52%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
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Several research firms have recently issued reports on ETR. BMO Capital Markets restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Morgan Stanley boosted their target price on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Entergy Corporation currently has a consensus rating of “Hold” and a consensus price target of $78.77.
In related news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. 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 firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. Company 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.
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