Entergy Corporation (ETR) Shares Sold by Exane Derivatives
Exane Derivatives decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,543 shares of the utilities provider’s stock after selling 1,531 shares during the period. Exane Derivatives’ holdings in Entergy Corporation were worth $881,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in Entergy Corporation by 46.1% during the second 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 during the period. V Wealth Management LLC bought a new position in Entergy Corporation during the second quarter valued at approximately $106,000. Advisory Services Network LLC lifted its position in Entergy Corporation by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC lifted its position in Entergy Corporation by 3.0% during the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 71 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Entergy Corporation during the second quarter valued at approximately $204,000. Institutional investors own 84.15% of the company’s stock.
In other news, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sallie T. Rainer sold 6,300 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The disclosure for this sale can be found here. Insiders sold a total of 22,945 shares of company stock worth $1,878,157 over the last ninety days. Insiders own 0.24% of the company’s stock.
Shares of Entergy Corporation (NYSE ETR) traded up 0.35% during mid-day trading on Friday, hitting $85.66. 1,617,487 shares of the stock traded hands. The firm has a 50 day moving average of $79.45 and a 200 day moving average of $77.80. The stock’s market cap is $15.38 billion. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $85.72.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data 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 business had revenue of $2.62 billion for the quarter, compared to the consensus estimate 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 earned $3.16 EPS. On average, equities analysts expect that Entergy Corporation will post $6.75 EPS for the current fiscal year.
A number of research analysts recently weighed in on ETR shares. Jefferies Group LLC restated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BMO Capital Markets restated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research report on Friday, August 4th. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Morgan Stanley increased their price objective on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.33.
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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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