Retirement Systems of Alabama Buys 298 Shares of Entergy Corporation (ETR)
Retirement Systems of Alabama increased its stake in shares of Entergy Corporation (NYSE:ETR) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 87,015 shares of the utilities provider’s stock after buying an additional 298 shares during the period. Retirement Systems of Alabama’s holdings in Entergy Corporation were worth $6,680,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Macquarie Group Ltd. boosted its position in Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock valued at $4,357,000 after buying an additional 6,000 shares during the last quarter. Creative Planning boosted its stake in Entergy Corporation by 19.7% in the first quarter. Creative Planning now owns 11,333 shares of the utilities provider’s stock worth $861,000 after buying an additional 1,862 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Entergy Corporation by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 54,762 shares of the utilities provider’s stock worth $4,159,000 after buying an additional 440 shares in the last quarter. National Pension Service boosted its stake in Entergy Corporation by 8.0% in the first quarter. National Pension Service now owns 159,740 shares of the utilities provider’s stock worth $12,116,000 after buying an additional 11,878 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Entergy Corporation by 24.2% in the first quarter. Capstone Asset Management Co. now owns 19,731 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 3,840 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
Shares of Entergy Corporation (NYSE ETR) opened at 77.57 on Wednesday. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The firm’s 50 day moving average is $76.38 and its 200-day moving average is $76.05. The firm’s market cap is $13.93 billion.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. Equities research analysts predict that Entergy Corporation will post $6.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 10th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is -69.74%.
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ETR has been the topic of a number of recent research reports. Zacks Investment Research lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine lowered Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research note on Thursday, July 6th. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Wells Fargo & Company upped their price objective on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Three 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. Entergy Corporation has an average rating of “Hold” and an average target price of $78.77.
In other Entergy Corporation news, insider Haley Fisackerly sold 500 shares of the firm’s 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 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 firm’s stock in a transaction dated 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 company 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.
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