Rhumbline Advisers Has $24.96 Million Stake in Entergy Corporation (ETR)
Rhumbline Advisers decreased its stake in Entergy Corporation (NYSE:ETR) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,173 shares of the utilities provider’s stock after selling 8,593 shares during the period. Rhumbline Advisers owned 0.18% of Entergy Corporation worth $24,964,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ETR. Hudock Capital Group LLC boosted its stake in Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock worth $379,000 after buying an additional 20 shares during the period. Advisor Partners LLC raised its position in shares of Entergy Corporation by 0.5% in the second quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after buying an additional 24 shares in the last quarter. Univest Corp of Pennsylvania raised its position in shares of Entergy Corporation by 0.6% in the second quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock worth $329,000 after buying an additional 25 shares in the last quarter. Ffcm LLC raised its position in shares of Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock worth $629,000 after buying an additional 31 shares in the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock worth $334,000 after buying an additional 43 shares in the last quarter. 82.53% of the stock is currently owned by institutional investors.
Entergy Corporation (NYSE:ETR) opened at 77.57 on Wednesday. The firm’s market cap is $13.93 billion. The firm has a 50 day moving average of $76.38 and a 200 day moving average of $76.05. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $3.16 earnings per share. On average, equities research analysts expect that Entergy Corporation will post $6.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s payout ratio is currently -69.74%.
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ETR has been the topic of a number of research reports. Zacks Investment Research lowered shares of Entergy Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Mizuho reaffirmed a “neutral” rating and issued a $79.00 price target on shares of Entergy Corporation in a research note on Wednesday, April 19th. Barclays PLC reaffirmed an “equal weight” rating and issued a $78.00 price target (up from $74.00) on shares of Entergy Corporation in a research note on Sunday, April 23rd. TheStreet raised shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price target on shares of Entergy Corporation in a research note on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.77.
In other news, insider Haley Fisackerly sold 500 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the stock in a transaction on Friday, August 4th. The stock was 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 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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