Strs Ohio cut its stake in shares of Entergy Corporation (NYSE:ETR) by 16.6% during the second quarter, Holdings Channel reports. The fund owned 18,480 shares of the utilities provider’s stock after selling 3,667 shares during the period. Strs Ohio’s holdings in Entergy Corporation were worth $1,418,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock valued at $1,513,680,000 after buying an additional 470,255 shares during the last quarter. BlackRock Inc. increased its stake in Entergy Corporation by 3,574.9% in the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock valued at $1,222,173,000 after buying an additional 15,651,863 shares during the last quarter. State Street Corp increased its stake in Entergy Corporation by 1.2% in the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock valued at $738,419,000 after buying an additional 115,341 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Entergy Corporation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock valued at $338,859,000 after buying an additional 305,111 shares during the last quarter. Finally, FMR LLC increased its stake in Entergy Corporation by 6.9% in the first quarter. FMR LLC now owns 3,488,914 shares of the utilities provider’s stock valued at $265,018,000 after buying an additional 225,184 shares during the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.

Shares of Entergy Corporation (NYSE:ETR) opened at 76.20 on Friday. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The stock’s 50 day moving average price is $76.50 and its 200-day moving average price is $75.88. The stock’s market cap is $13.68 billion.

Entergy Corporation (NYSE:ETR) last released its quarterly earnings results 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 company had revenue of $2.62 billion for 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 quarter in the previous year, the company posted $3.16 earnings per share. Equities analysts anticipate that Entergy Corporation will post $5.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.57%. The ex-dividend date is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio (DPR) is -69.74%.

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ETR has been the subject of a number of recent research reports. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Mizuho reduced their target price on shares of Entergy Corporation from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a report on Thursday, July 6th. Finally, Morgan Stanley boosted their target price on shares of Entergy Corporation from $77.00 to $78.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Entergy Corporation presently has a consensus rating of “Hold” and an average price target of $78.77.

In other Entergy Corporation news, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,095 shares of company stock worth $160,135. 0.24% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Entergy Corporation (NYSE:ETR)

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