Sumitomo Mitsui Trust Holdings Inc. cut its stake in Entergy Corp. (NYSE:ETR) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,580 shares of the company’s stock after selling 1,601 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.32% of Entergy Corp. worth $46,986,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Entergy Corp. by 4.8% in the first quarter. State Street Corp now owns 9,645,391 shares of the company’s stock valued at $764,688,000 after buying an additional 440,615 shares during the period. Renaissance Technologies LLC raised its stake in Entergy Corp. by 12.3% in the first quarter. Renaissance Technologies LLC now owns 2,507,900 shares of the company’s stock valued at $198,826,000 after buying an additional 273,700 shares during the period. Geode Capital Management LLC raised its stake in Entergy Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 1,668,003 shares of the company’s stock valued at $132,007,000 after buying an additional 26,197 shares during the period. Legal & General Group Plc raised its stake in Entergy Corp. by 0.4% in the first quarter. Legal & General Group Plc now owns 985,723 shares of the company’s stock valued at $78,146,000 after buying an additional 4,034 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Entergy Corp. during the second quarter valued at about $75,162,000. Hedge funds and other institutional investors own 85.21% of the company’s stock.

Institutional Ownership by Quarter for Entergy Corp. (NYSE:ETR)

Shares of Entergy Corp. (NYSE:ETR) traded up 0.65% on Monday, hitting $74.64. 1,236,736 shares of the stock were exchanged. Entergy Corp. has a 52-week low of $64.11 and a 52-week high of $82.09. The stock has a market cap of $13.36 billion, a PE ratio of 77.11 and a beta of 0.38. The company’s 50 day moving average is $77.46 and its 200-day moving average is $77.89.

Entergy Corp. (NYSE:ETR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a net margin of 1.78% and a return on equity of 15.34%. During the same period last year, the company earned $0.83 earnings per share. Analysts predict that Entergy Corp. will post $6.72 EPS for the current fiscal year.

ETR has been the subject of several analyst reports. Guggenheim upgraded shares of Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, August 22nd. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of Entergy Corp. in a report on Monday. Deutsche Bank AG decreased their price objective on shares of Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Entergy Corp. from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Friday. Finally, Citigroup Inc. decreased their price objective on shares of Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.78.

In related news, insider Charles L. Rice, Jr. sold 760 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $79.36, for a total value of $60,313.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 1,250 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $77.60, for a total transaction of $97,000.00. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.

About Entergy Corp.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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.

5 Day Chart for NYSE:ETR

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