Entergy Corporation (ETR) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 18.6% during the first quarter, Holdings Channel reports. The institutional investor owned 46,056 shares of the utilities provider’s stock after buying an additional 7,225 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Entergy Corporation were worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in 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 in the last quarter. AQR Capital Management LLC raised its stake in Entergy Corporation by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 4,732,517 shares of the utilities provider’s stock valued at $347,698,000 after buying an additional 724,373 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Entergy Corporation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock valued at $338,859,000 after buying an additional 305,111 shares in the last quarter. FMR LLC raised its stake in Entergy Corporation by 6.9% in the first quarter. FMR LLC now owns 3,488,914 shares of the utilities provider’s stock valued at $265,018,000 after buying an additional 225,184 shares in the last quarter. Finally, Norges Bank purchased a new stake in Entergy Corporation during the fourth quarter valued at approximately $143,454,000. Institutional investors own 84.18% of the company’s stock.

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

Shares of Entergy Corporation (ETR) traded up 0.35% during mid-day trading on Tuesday, hitting $79.78. 243,445 shares of the stock traded hands. The firm’s 50 day moving average price is $77.68 and its 200 day moving average price is $74.65. The firm’s market cap is $14.32 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $82.08.

Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.07. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. Entergy Corporation had a negative net margin of 6.63% and a positive return on equity of 13.52%. During the same period in the previous year, the company posted $1.35 earnings per share. On average, equities research analysts predict that Entergy Corporation will post $4.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 11th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $3.48 dividend on an annualized basis and a yield of 4.38%. Entergy Corporation’s payout ratio is -84.88%.

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ETR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho dropped their price target on shares of Entergy Corporation from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, April 28th. Morgan Stanley raised their price target on shares of Entergy Corporation from $77.00 to $78.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Barclays PLC restated an “equal weight” rating and set a $78.00 price target (up previously from $74.00) on shares of Entergy Corporation in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $72.00 price target on shares of Entergy Corporation in a research report on Wednesday, April 12th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.00.

In other Entergy Corporation news, insider Haley Fisackerly sold 600 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $75.92, for a total transaction of $45,552.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR).

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