Bank of The Ozarks Maintains Stake in Entergy Corporation (ETR)
Bank of The Ozarks continued to hold its position in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel reports. The institutional investor owned 3,993 shares of the utilities provider’s stock at the end of the second quarter. Bank of The Ozarks’ holdings in Entergy Corporation were worth $307,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Hudock Capital Group LLC boosted its position in Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock worth $379,000 after buying an additional 20 shares during the period. Advisor Partners LLC boosted its position in Entergy Corporation by 0.5% in the second quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after buying an additional 24 shares during the period. Univest Corp of Pennsylvania boosted its position in Entergy Corporation by 0.6% in the second quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock worth $329,000 after buying an additional 25 shares during the period. Ffcm LLC boosted its position in Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock worth $629,000 after buying an additional 31 shares during the period. Finally, Cleararc Capital Inc. boosted its position in Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock worth $334,000 after buying an additional 43 shares during the period. Institutional investors own 83.29% of the company’s stock.
Shares of Entergy Corporation (NYSE ETR) opened at 76.81 on Thursday. The firm’s 50-day moving average is $76.66 and its 200-day moving average is $75.83. The firm’s market cap is $13.79 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion during 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 quarter in the previous year, the company earned $3.16 earnings per share. Analysts predict that Entergy Corporation will post $5.71 earnings per share for the current fiscal year.
The company also recently disclosed 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 4.53%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
COPYRIGHT VIOLATION WARNING: “Bank of The Ozarks Maintains Stake in Entergy Corporation (ETR)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/bank-of-the-ozarks-maintains-stake-in-entergy-corporation-etr/1470226.html.
A number of brokerages recently weighed in on ETR. Zacks Investment Research lowered shares of Entergy Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Entergy Corporation in a report on Tuesday, May 2nd. BidaskClub lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. TheStreet raised shares of Entergy Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, Wells Fargo & Company raised their price target on shares of Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.46.
In related news, insider Haley Fisackerly sold 600 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $75.92, for a total transaction of $45,552.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexis M. Herman sold 995 shares of the business’s 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 disclosure for this sale can be found here. 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.
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR).
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.