Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 269.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 267,877 shares of the utilities provider’s stock after acquiring an additional 195,353 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of Entergy Corporation worth $20,563,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ETR. UBS Asset Management Americas Inc. grew its position in shares of Entergy Corporation by 8.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 591,207 shares of the utilities provider’s stock valued at $44,908,000 after acquiring an additional 44,955 shares during the period. Trexquant Investment LP acquired a new stake in shares of Entergy Corporation during the 1st quarter valued at about $251,000. Pacer Advisors Inc. grew its position in shares of Entergy Corporation by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,454 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 110 shares during the period. Alliancebernstein L.P. grew its position in shares of Entergy Corporation by 0.3% during the 1st quarter. Alliancebernstein L.P. now owns 311,975 shares of the utilities provider’s stock valued at $23,698,000 after acquiring an additional 833 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Entergy Corporation during the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.

Entergy Corporation (NYSE:ETR) traded down 0.56% during midday trading on Friday, reaching $78.65. The company had a trading volume of 1,925,394 shares. The stock’s market capitalization is $14.12 billion. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $80.61. The firm’s 50 day moving average is $78.43 and its 200 day moving average is $77.34.

Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the business posted $3.16 earnings per share. On average, equities analysts anticipate that Entergy Corporation will post $6.57 EPS for the current fiscal year.

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ETR has been the topic of a number of analyst reports. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley upgraded Entergy Corporation from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $84.00 to $82.00 in a research report on Thursday, September 21st. Jefferies Group LLC restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.70.

In other news, insider Sallie T. Rainer sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $77.78, for a total value of $77,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alexis M. Herman sold 995 shares of the 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. Insiders have sold 3,495 shares of company stock worth $271,313 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Entergy Corporation 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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