Entergy Corporation (ETR) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 10.6% during the second quarter, Holdings Channel reports. The institutional investor owned 26,140 shares of the utilities provider’s stock after selling 3,097 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Entergy Corporation were worth $2,007,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in shares of Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock valued at $4,357,000 after buying an additional 6,000 shares in the last quarter. Creative Planning boosted its position in shares of Entergy Corporation by 19.7% in the first quarter. Creative Planning now owns 11,333 shares of the utilities provider’s stock valued at $861,000 after buying an additional 1,862 shares in the last quarter. National Pension Service boosted its position in shares of Entergy Corporation by 8.0% in the first quarter. National Pension Service now owns 159,740 shares of the utilities provider’s stock valued at $12,116,000 after buying an additional 11,878 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Entergy Corporation by 24.2% in the first quarter. Capstone Asset Management Co. now owns 19,731 shares of the utilities provider’s stock valued at $1,499,000 after buying an additional 3,840 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Entergy Corporation during the first quarter valued at about $352,000. Institutional investors own 82.53% of the company’s stock.
Shares of Entergy Corporation (ETR) opened at 78.12 on Thursday. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The company’s market cap is $14.02 billion. The company’s 50-day moving average is $76.38 and its 200 day moving average is $76.07.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm earned $3.16 EPS. Equities analysts anticipate that Entergy Corporation will post $6.94 EPS for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s payout ratio is currently -69.74%.
Several equities analysts recently issued reports on ETR shares. Mizuho reiterated a “neutral” rating and set a $79.00 price target on shares of Entergy Corporation in a research report on Wednesday, April 19th. Barclays PLC reiterated an “equal weight” rating and set a $78.00 price target (up previously from $74.00) on shares of Entergy Corporation in a research report on Sunday, April 23rd. TheStreet upgraded shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Finally, Morgan Stanley boosted their price target on shares of Entergy Corporation from $77.00 to $78.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.77.
In other news, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 is accessible through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred 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 insiders.
Entergy Corporation Company 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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