Entergy Corporation (ETR) Position Cut by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. lowered its position in Entergy Corporation (NYSE:ETR) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 3,238,661 shares of the utilities provider’s stock after selling 264,238 shares during the period. Epoch Investment Partners Inc.’s holdings in Entergy Corporation were worth $246,009,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Hudock Capital Group LLC boosted its stake 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. Ffcm LLC boosted its stake 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. Cleararc Capital Inc. boosted its stake 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Entergy Corporation by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,268 shares of the utilities provider’s stock worth $754,000 after buying an additional 46 shares during the period. Finally, Outfitter Advisors LTD. boosted its stake in Entergy Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 6,440 shares of the utilities provider’s stock worth $489,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 84.18% of the company’s stock.
Entergy Corporation (NYSE ETR) traded up 0.24% during trading on Friday, reaching $79.38. The company’s stock had a trading volume of 172,859 shares. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $82.08. The firm has a 50 day moving average of $77.79 and a 200 day moving average of $74.72. The stock’s market capitalization is $14.25 billion.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.07. Entergy Corporation had a negative net margin of 6.63% and a positive return on equity of 13.52%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $1.35 EPS. Analysts expect that Entergy Corporation will post $4.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 11th were paid a dividend of $0.87 per share. The ex-dividend date was Tuesday, May 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.39%. Entergy Corporation’s dividend payout ratio is presently -84.88%.
A number of research firms have recently commented on ETR. Zacks Investment Research cut Entergy Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG lifted their target price on Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Wells Fargo & Company upgraded Entergy Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Finally, TheStreet upgraded Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $78.00.
In related news, insider Haley Fisackerly sold 600 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is owned by company insiders.
About Entergy Corporation
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.
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