Strs Ohio raised its position in Entergy Corp. (NYSE:ETR) by 49.8% during the second quarter, Holdings Channel reports. The institutional investor owned 26,423 shares of the company’s stock after buying an additional 8,781 shares during the period. Strs Ohio’s holdings in Entergy Corp. were worth $2,149,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of ETR. NewSquare Capital LLC boosted its stake in shares of Entergy Corp. by 16.2% in the second quarter. NewSquare Capital LLC now owns 7,960 shares of the company’s stock worth $648,000 after buying an additional 1,112 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Entergy Corp. during the second quarter worth $75,162,000. Shell Asset Management Co. boosted its stake in shares of Entergy Corp. by 4.7% in the second quarter. Shell Asset Management Co. now owns 59,809 shares of the company’s stock worth $4,865,000 after buying an additional 2,712 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Entergy Corp. by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the company’s stock worth $342,000 after buying an additional 200 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Entergy Corp. by 235,962.5% in the second quarter. Meeder Asset Management Inc. now owns 18,885 shares of the company’s stock worth $1,535,000 after buying an additional 18,877 shares in the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
Entergy Corp. (NYSE:ETR) traded down 0.92% during trading on Friday, reaching $73.13. 1,952,013 shares of the company’s stock traded hands. The stock has a market capitalization of $13.09 billion, a P/E ratio of 75.55 and a beta of 0.38. Entergy Corp. has a 12 month low of $64.11 and a 12 month high of $82.09. The company has a 50-day moving average of $78.14 and a 200 day moving average of $78.03.
Entergy Corp. (NYSE:ETR) last released its earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $1.05 by $2.06. Entergy Corp. had a net margin of 1.78% and a return on equity of 15.34%. During the same quarter last year, the business earned $0.83 earnings per share. On average, equities research analysts expect that Entergy Corp. will post $6.72 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Citigroup Inc. decreased their price target on shares of Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Guggenheim upgraded shares of Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Monday, August 22nd. Finally, Deutsche Bank AG cut their price objective on shares of Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.85.
In other news, insider Haley Fisackerly sold 1,250 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $77.60, for a total transaction of $97,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles L. Rice, Jr. sold 760 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $79.36, for a total transaction of $60,313.60. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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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