LSV Asset Management Sells 4,755 Shares of Entergy Corporation (ETR)
LSV Asset Management trimmed its position in Entergy Corporation (NYSE:ETR) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,107,393 shares of the utilities provider’s stock after selling 4,755 shares during the period. Entergy Corporation comprises about 0.7% of LSV Asset Management’s investment portfolio, making the stock its 29th largest position. LSV Asset Management owned about 2.85% of Entergy Corporation worth $392,094,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ETR. Benjamin F. Edwards & Company Inc. lifted its holdings in Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 410 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Entergy Corporation during the 2nd quarter valued at about $106,000. Advisory Services Network LLC acquired a new position in shares of Entergy Corporation during the 1st quarter valued at about $174,000. Parallel Advisors LLC increased its stake in shares of Entergy Corporation by 291.6% during the 1st quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after acquiring an additional 1,770 shares during the last quarter. Finally, Tiedemann Wealth Management LLC acquired a new position in shares of Entergy Corporation during the 1st quarter valued at about $203,000. Institutional investors own 84.07% of the company’s stock.
In other Entergy Corporation news, 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 value of $75,998.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,495 shares of company stock worth $271,313. Company insiders own 0.24% of the company’s stock.
A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. Zacks Investment Research raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Wells Fargo & Company upped their price objective on shares of Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. Finally, ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.17.
Entergy Corporation (ETR) traded down 0.051% during mid-day trading on Wednesday, reaching $79.749. 73,844 shares of the company were exchanged. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $81.83. The company’s market cap is $14.32 billion. The stock’s 50-day moving average is $77.52 and its 200-day moving average is $76.85.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period last year, the business earned $3.16 EPS. Equities analysts expect that Entergy Corporation will post $6.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 10th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.36%. The ex-dividend date was Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is currently -69.74%.
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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