Capital Fund Management S.A. cut its stake in shares of Entergy Corp. (NYSE:ETR) by 31.2% during the second quarter, Holdings Channel reports. The institutional investor owned 64,036 shares of the company’s stock after selling 29,059 shares during the period. Capital Fund Management S.A.’s holdings in Entergy Corp. were worth $5,209,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Entergy Corp. during the second quarter valued at approximately $75,162,000. State Street Corp increased its stake in shares of Entergy Corp. by 4.8% in the first quarter. State Street Corp now owns 9,645,391 shares of the company’s stock valued at $764,688,000 after buying an additional 440,615 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Entergy Corp. by 12.3% in the first quarter. Renaissance Technologies LLC now owns 2,507,900 shares of the company’s stock valued at $198,826,000 after buying an additional 273,700 shares in the last quarter. Boston Advisors LLC purchased a new stake in shares of Entergy Corp. during the second quarter valued at approximately $14,328,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Entergy Corp. by 19.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 838,922 shares of the company’s stock valued at $68,245,000 after buying an additional 139,514 shares in the last quarter. Institutional investors own 85.22% of the company’s stock.
Entergy Corp. (NYSE:ETR) traded down 0.78% during trading on Friday, hitting $76.73. 1,753,507 shares of the stock were exchanged. Entergy Corp. has a 1-year low of $64.11 and a 1-year high of $82.09. The company has a 50-day moving average price of $78.78 and a 200 day moving average price of $78.18. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 79.27 and a beta of 0.32.
Entergy Corp. (NYSE:ETR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts predict that Entergy Corp. will post $6.61 earnings per share for the current fiscal year.
Several analysts have recently commented on ETR shares. Guggenheim upgraded shares of Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, August 22nd. Goldman Sachs Group Inc. upgraded shares of Entergy Corp. from a “buy” rating to a “conviction-buy” rating and increased their target price for the company from $87.00 to $88.00 in a report on Monday, June 6th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $81.00 target price on shares of Entergy Corp. in a report on Friday, June 10th. Citigroup Inc. increased their price target on shares of Entergy Corp. from $72.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Finally, Bank of America Corp. restated a “hold” rating on shares of Entergy Corp. in a research report on Friday, June 10th. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.05.
In other Entergy Corp. news, insider Charles L. Rice, Jr. sold 760 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 1,250 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $77.60, for a total value of $97,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
About Entergy Corp.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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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