HM Payson & Co. maintained its position in Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,230 shares of the utilities provider’s stock at the end of the second quarter. HM Payson & Co.’s holdings in Entergy Corporation were worth $401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Macquarie Group Ltd. increased its position in Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock worth $4,357,000 after buying an additional 6,000 shares during the period. Capstone Asset Management Co. increased its position in Entergy Corporation by 24.2% in the first quarter. Capstone Asset Management Co. now owns 19,731 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 3,840 shares during the period. Fox Run Management L.L.C. acquired a new position in Entergy Corporation during the first quarter worth approximately $352,000. DnB Asset Management AS increased its position in Entergy Corporation by 25.2% in the first quarter. DnB Asset Management AS now owns 25,355 shares of the utilities provider’s stock worth $1,926,000 after buying an additional 5,100 shares during the period. Finally, Bank of The West acquired a new position in Entergy Corporation during the first quarter worth approximately $209,000. 82.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Entergy Corporation (ETR) opened at 77.84 on Monday. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The firm’s market capitalization is $13.97 billion. The company has a 50-day moving average of $76.40 and a 200-day moving average of $76.13.

Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same period in the prior year, the firm posted $3.16 earnings per share. Equities research analysts predict that Entergy Corporation will post $6.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $3.48 annualized dividend and a yield of 4.47%. Entergy Corporation’s dividend payout ratio is currently -69.74%.

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ETR has been the topic of a number of research reports. Barclays PLC reissued an “equal weight” rating and set a $78.00 target price (up previously from $74.00) on shares of Entergy Corporation in a research report on Sunday, April 23rd. Mizuho cut their target price on shares of Entergy Corporation from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, April 28th. TheStreet raised shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 target price on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Finally, Morgan Stanley raised their target price 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.77.

In other Entergy Corporation news, insider Haley Fisackerly sold 500 shares of the 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 document filed with the SEC, which is available through this link. Also, Director Alexis M. Herman sold 995 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were 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. Insiders sold 2,495 shares of company stock worth $192,363 over the last quarter. 0.24% of the stock is currently 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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Institutional Ownership by Quarter for Entergy Corporation (NYSE:ETR)

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