California Public Employees Retirement System trimmed its holdings in Entergy Corporation (NYSE:ETR) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 581,036 shares of the utilities provider’s stock after selling 22,400 shares during the quarter. California Public Employees Retirement System owned 0.32% of Entergy Corporation worth $44,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ETR. UBS Asset Management Americas Inc. lifted its holdings in Entergy Corporation by 8.2% in 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 last quarter. Mutual of America Capital Management LLC lifted its holdings in Entergy Corporation by 2.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 36,173 shares of the utilities provider’s stock valued at $2,748,000 after acquiring an additional 867 shares during the last quarter. Trexquant Investment LP acquired a new stake in Entergy Corporation in the 1st quarter valued at about $251,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Entergy Corporation by 0.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,532 shares of the utilities provider’s stock valued at $952,000 after acquiring an additional 80 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in Entergy Corporation by 1.2% in the 1st quarter. Mason Street Advisors LLC now owns 24,791 shares of the utilities provider’s stock valued at $1,883,000 after acquiring an additional 287 shares during the last quarter. 84.16% of the stock is owned by institutional investors.

ETR has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research note on Thursday, July 6th. ValuEngine lowered shares of Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.17.

In other news, Director Alexis M. Herman sold 995 shares of Entergy Corporation 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,495 shares of company stock worth $271,313 in the last quarter. 0.24% of the stock is currently owned by company insiders.

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Shares of Entergy Corporation (NYSE:ETR) opened at 76.75 on Friday. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83. The stock has a 50 day moving average of $78.33 and a 200-day moving average of $77.11. The stock’s market capitalization is $13.78 billion.

Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the previous year, the company earned $3.16 EPS. On average, equities research analysts predict that Entergy Corporation will post $6.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Tuesday, August 8th. Entergy Corporation’s dividend payout ratio (DPR) is presently -69.74%.

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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