Vanguard Group Inc. Acquires 470,255 Shares of Entergy Corporation (ETR)

Vanguard Group Inc. raised its position in shares of Entergy Corporation (NYSE:ETR) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,927,324 shares of the utilities provider’s stock after buying an additional 470,255 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Entergy Corporation worth $1,513,680,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ETR. Ledyard National Bank acquired a new position in shares of Entergy Corporation during the first quarter worth about $123,000. WFG Advisors LP raised its position in shares of Entergy Corporation by 674.6% in the fourth quarter. WFG Advisors LP now owns 1,526 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,329 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Entergy Corporation during the first quarter worth about $174,000. HighPoint Advisor Group LLC acquired a new position in shares of Entergy Corporation during the fourth quarter worth about $203,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Entergy Corporation during the first quarter worth about $203,000. 84.18% of the stock is currently owned by institutional investors.

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

Shares of Entergy Corporation (NYSE ETR) traded up 0.35% during midday trading on Tuesday, reaching $79.78. The company’s stock had a trading volume of 243,443 shares. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $82.08. The company’s market capitalization is $14.32 billion. The stock has a 50 day moving average price of $77.68 and a 200-day moving average price of $74.65.

Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, April 26th. The utilities provider reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Entergy Corporation had a positive return on equity of 13.52% and a negative net margin of 6.63%. During the same quarter last year, the business earned $1.35 EPS. Equities research analysts expect that Entergy Corporation will post $4.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 11th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $3.48 annualized dividend and a dividend yield of 4.38%. Entergy Corporation’s dividend payout ratio (DPR) is presently -84.88%.

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A number of brokerages have issued reports on ETR. TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) lowered Entergy Corporation from a “buy” rating to a “neutral” rating and set a $76.00 target price on the stock. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Deutsche Bank AG upped their target price on Entergy Corporation from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 target price on shares of Entergy Corporation in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Co raised Entergy Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.00.

In related news, insider Haley Fisackerly sold 600 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $75.92, for a total transaction of $45,552.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ETR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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