NGAM Advisors L.P. decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 39.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,614 shares of the utilities provider’s stock after selling 14,295 shares during the period. NGAM Advisors L.P.’s holdings in Entergy Corporation were worth $1,659,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Hudock Capital Group LLC increased its position in shares of Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock valued at $379,000 after buying an additional 20 shares during the period. Ffcm LLC increased its position in shares of Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock valued at $629,000 after buying an additional 31 shares during the period. Cleararc Capital Inc. increased its position in shares of Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $334,000 after buying an additional 43 shares during the period. Outfitter Advisors LTD. increased its position in shares of Entergy Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 6,440 shares of the utilities provider’s stock valued at $489,000 after buying an additional 50 shares during the period. Finally, BKD Wealth Advisors LLC increased its position in shares of Entergy Corporation by 1.6% in the second quarter. BKD Wealth Advisors LLC now owns 3,710 shares of the utilities provider’s stock valued at $285,000 after buying an additional 58 shares during the period. 82.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Entergy Corporation (NYSE ETR) opened at 77.05 on Tuesday. The company has a 50-day moving average of $76.44 and a 200 day moving average of $76.00. Entergy Corporation has a one year low of $66.71 and a one year high of $81.83. The stock’s market cap is $13.83 billion.

Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data 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 firm had revenue of $2.62 billion during the quarter, compared to analyst estimates 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 business posted $3.16 EPS. On average, analysts predict that Entergy Corporation will post $6.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.87 per share. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.52%. Entergy Corporation’s payout ratio is -69.74%.

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Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Entergy Corporation from a “strong-buy” rating to a “hold” rating in a research note 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 research note on Tuesday, May 2nd. BidaskClub downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. TheStreet raised shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Finally, Wells Fargo & Company increased their price target on shares of Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.77.

In other Entergy Corporation news, Director Alexis M. Herman sold 995 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total transaction of $38,585.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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

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