Entergy Corporation (ETR) Shares Sold by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board decreased its position in Entergy Corporation (NYSE:ETR) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,002 shares of the utilities provider’s stock after selling 1,425 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.06% of Entergy Corporation worth $7,600,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ETR. BlackRock Inc. lifted its holdings in shares of Entergy Corporation by 3,574.9% in the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock valued at $1,222,173,000 after buying an additional 15,651,863 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Entergy Corporation by 43.9% in the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after buying an additional 576,426 shares during the period. AJO LP lifted its holdings in shares of Entergy Corporation by 16.0% in the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after buying an additional 485,602 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock valued at $1,513,680,000 after buying an additional 470,255 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Entergy Corporation by 99.4% in the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after buying an additional 449,986 shares during the period. Institutional investors and hedge funds own 84.16% of the company’s stock.
Shares of Entergy Corporation (ETR) traded down 0.26% during midday trading on Thursday, hitting $76.26. The stock had a trading volume of 26,535 shares. The firm’s market capitalization is $13.69 billion. Entergy Corporation has a one year low of $66.71 and a one year high of $81.83. The firm’s 50-day moving average price is $78.33 and its 200-day moving average price is $77.11.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company earned $3.16 EPS. On average, equities analysts predict that Entergy Corporation will post $6.55 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were given a $0.87 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.56%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
In other news, insider Charles L. Rice, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total value of $78,950.00. The transaction 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 firm’s 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 disclosure for this sale can be found here. Insiders sold a total of 3,495 shares of company stock worth $271,313 over the last 90 days. 0.24% of the stock is owned by corporate insiders.
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Several analysts have recently weighed in on ETR shares. BMO Capital Markets restated a “hold” rating and issued a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Morgan Stanley upped their price objective on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price objective on shares of Entergy Corporation in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered Entergy Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.17.
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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