Teachers Retirement System of The State of Kentucky maintained its stake in shares of Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,600 shares of the utilities provider’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Entergy Corporation were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ETR. Benjamin F. Edwards & Company Inc. grew its position in shares of Entergy Corporation by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 410 shares during the last quarter. V Wealth Management LLC purchased a new position in shares of Entergy Corporation during the second quarter worth approximately $106,000. Parallel Advisors LLC grew its position in shares of Entergy Corporation by 291.6% during the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after acquiring an additional 1,770 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Entergy Corporation during the second quarter worth approximately $204,000. Finally, IBM Retirement Fund grew its position in shares of Entergy Corporation by 34.1% during the second quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 84.16% of the company’s stock.

WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/teachers-retirement-system-of-the-state-of-kentucky-maintains-stake-in-entergy-corporation-etr/1612518.html.

Shares of Entergy Corporation (ETR) opened at 79.09 on Friday. Entergy Corporation has a one year low of $66.71 and a one year high of $80.61. The firm’s market capitalization is $14.20 billion. The company’s 50 day moving average price is $78.39 and its 200 day moving average price is $77.31.

Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $3.16 EPS. On average, analysts expect that Entergy Corporation will post $6.57 EPS for the current fiscal year.

In related news, insider Charles L. Rice, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total transaction of $78,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction on Friday, August 4th. The stock was 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. Over the last 90 days, insiders have sold 3,495 shares of company stock valued at $271,313. 0.24% of the stock is owned by company insiders.

ETR has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $77.70.

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.

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

Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.