Keybank National Association OH Has $370,000 Holdings in Entergy Corporation (ETR)
Keybank National Association OH cut its stake in shares of Entergy Corporation (NYSE:ETR) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,820 shares of the utilities provider’s stock after selling 202 shares during the period. Keybank National Association OH’s holdings in Entergy Corporation were worth $370,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ETR. Commerzbank Aktiengesellschaft FI raised its stake in Entergy Corporation by 17.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,524 shares of the utilities provider’s stock valued at $268,000 after acquiring an additional 527 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Entergy Corporation by 6.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,000 shares of the utilities provider’s stock valued at $380,000 after acquiring an additional 300 shares during the last quarter. Henderson Group PLC raised its stake in Entergy Corporation by 6.6% during the 1st quarter. Henderson Group PLC now owns 20,932 shares of the utilities provider’s stock valued at $1,590,000 after acquiring an additional 1,300 shares during the last quarter. US Bancorp DE raised its stake in Entergy Corporation by 19.8% during the 1st quarter. US Bancorp DE now owns 21,708 shares of the utilities provider’s stock valued at $1,648,000 after acquiring an additional 3,592 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Entergy Corporation by 2.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,419 shares of the utilities provider’s stock valued at $2,614,000 after acquiring an additional 937 shares during the last quarter. 84.07% of the stock is owned by hedge funds and other institutional investors.
Entergy Corporation (ETR) opened at 79.04 on Wednesday. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The stock’s market capitalization is $14.19 billion. The stock’s 50 day moving average price is $77.89 and its 200-day moving average price is $76.98.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings results 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 company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $3.16 earnings per share. Equities research analysts expect that Entergy Corporation will post $6.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.40%. Entergy Corporation’s dividend payout ratio (DPR) is presently -69.74%.
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In other 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 transaction of $75,998.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sallie T. Rainer sold 1,000 shares of Entergy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $77.78, for a total value of $77,780.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,495 shares of company stock worth $271,313. Corporate insiders own 0.24% of the company’s stock.
Several analysts have commented on ETR shares. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. BidaskClub raised Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.33.
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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