Candriam Luxembourg S.C.A. lessened its position in Entergy Corporation (NYSE:ETR) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,655 shares of the utilities provider’s stock after selling 3,461 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Entergy Corporation were worth $1,195,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of ETR. Franklin Resources Inc. increased its stake in Entergy Corporation by 43.9% in the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after purchasing an additional 576,426 shares in the last quarter. AJO LP increased its stake in Entergy Corporation by 16.0% in the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after purchasing an additional 485,602 shares in the last quarter. Principal Financial Group Inc. increased its stake in Entergy Corporation by 99.4% in the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after purchasing an additional 449,986 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Entergy Corporation by 71.1% in the second quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock valued at $74,726,000 after purchasing an additional 404,399 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in Entergy Corporation by 4,433.0% in the second quarter. Nomura Holdings Inc. now owns 245,415 shares of the utilities provider’s stock valued at $18,842,000 after purchasing an additional 240,001 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.
In other Entergy Corporation news, EVP Marcus V. Brown sold 1,500 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 58,812 shares of company stock valued at $4,986,472 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.
Entergy Corporation (ETR) opened at $86.51 on Friday. Entergy Corporation has a 1-year low of $67.40 and a 1-year high of $87.95. The company has a market cap of $15,593.51, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.78 and a beta of 0.57. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. analysts forecast that Entergy Corporation will post 6.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be issued a dividend of $0.89 per share. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 annualized dividend and a yield of 4.12%. Entergy Corporation’s dividend payout ratio is presently -72.06%.
ETR has been the subject of several recent analyst reports. Mizuho reaffirmed a “hold” rating and issued a $83.00 target price on shares of Entergy Corporation in a research note on Friday, October 27th. Citigroup Inc. upgraded shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. J P Morgan Chase & Co upped their price target on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $82.42.
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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.
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