State of Tennessee Treasury Department boosted its position in shares of Entergy Corporation (NYSE:ETR) by 30.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,986 shares of the utilities provider’s stock after purchasing an additional 30,195 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of Entergy Corporation worth $9,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clinton Group Inc. purchased a new position in Entergy Corporation during the 1st quarter worth $643,000. Prudential Financial Inc. increased its holdings in Entergy Corporation by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock worth $44,954,000 after purchasing an additional 23,946 shares during the period. Ameriprise Financial Inc. increased its holdings in Entergy Corporation by 7.3% during the 1st quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock worth $338,859,000 after purchasing an additional 305,111 shares during the period. Swiss National Bank increased its holdings in Entergy Corporation by 28.4% during the 1st quarter. Swiss National Bank now owns 634,722 shares of the utilities provider’s stock worth $48,213,000 after purchasing an additional 140,300 shares during the period. Finally, Financial Counselors Inc. increased its holdings in Entergy Corporation by 5.4% during the 1st quarter. Financial Counselors Inc. now owns 62,945 shares of the utilities provider’s stock worth $4,781,000 after purchasing an additional 3,215 shares during the period. Institutional investors own 84.07% of the company’s stock.

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Entergy Corporation (NYSE ETR) opened at 78.73 on Thursday. Entergy Corporation has a one year low of $66.71 and a one year high of $81.83. The stock’s market capitalization is $14.13 billion. The stock has a 50 day moving average price of $77.61 and a 200-day moving average price of $76.86.

Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $3.16 earnings per share. Analysts anticipate that Entergy Corporation will post $6.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 10th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Tuesday, August 8th. Entergy Corporation’s dividend payout ratio (DPR) is presently -69.74%.

In related news, 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 value of $75,998.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total value of $78,950.00. The disclosure for this sale can be found here. Insiders sold 3,495 shares of company stock worth $271,313 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

ETR has been the topic of several research reports. Zacks Investment Research downgraded Entergy Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Jefferies Group LLC restated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a report on Thursday, July 6th. ValuEngine downgraded Entergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Wells Fargo & Company raised their price objective on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Three investment 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. The company presently has a consensus rating of “Hold” and an average target price of $78.17.

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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Institutional Ownership by Quarter for Entergy Corporation (NYSE:ETR)

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