Entergy Corporation (ETR) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in Entergy Corporation (NYSE:ETR) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,243,801 shares of the utilities provider’s stock after purchasing an additional 154,117 shares during the period. BlackRock Inc. owned approximately 9.05% of Entergy Corporation worth $1,247,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hudock Capital Group LLC boosted its stake in Entergy Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 20 shares during the period. Advisor Partners LLC boosted its stake in Entergy Corporation by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 24 shares during the period. Univest Corp of Pennsylvania boosted its stake in Entergy Corporation by 0.6% in the 2nd quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 25 shares during the period. Regal Investment Advisors LLC boosted its stake in Entergy Corporation by 0.4% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares during the period. Finally, Ffcm LLC boosted its stake in Entergy Corporation by 0.4% in the 1st quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock worth $629,000 after purchasing an additional 31 shares during the period. 84.07% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on ETR. Morgan Stanley upped their target price on shares of Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. BidaskClub raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Entergy Corporation has a consensus rating of “Hold” and a consensus price target of $78.33.

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Entergy Corporation (NYSE:ETR) opened at 78.87 on Friday. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The stock’s 50 day moving average is $78.23 and its 200-day moving average is $77.05. The firm’s market capitalization is $14.16 billion.

Entergy Corporation (NYSE:ETR) last posted 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. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate 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 firm posted $3.16 earnings per share. Analysts forecast that Entergy Corporation will post $6.38 EPS for the current year.

The firm also recently announced 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. This represents a $3.48 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Tuesday, August 8th. Entergy Corporation’s payout ratio is presently -69.74%.

In other news, insider Charles L. Rice, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total transaction of $78,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction dated 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 three months, insiders have sold 3,495 shares of company stock valued at $271,313. 0.24% of the stock is currently owned by insiders.

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.

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

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