Teachers Advisors LLC Raises Position in Entergy Corporation (ETR)

Teachers Advisors LLC raised its position in Entergy Corporation (NYSE:ETR) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,900 shares of the utilities provider’s stock after buying an additional 31,236 shares during the period. Teachers Advisors LLC owned 0.15% of Entergy Corporation worth $20,578,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position 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 worth $338,859,000 after buying an additional 305,111 shares during the period. FMR LLC raised its position in Entergy Corporation by 6.9% in the first quarter. FMR LLC now owns 3,488,914 shares of the utilities provider’s stock worth $265,018,000 after buying an additional 225,184 shares during the period. First Trust Advisors LP raised its stake in Entergy Corporation by 53.6% in the first quarter. First Trust Advisors LP now owns 1,316,293 shares of the utilities provider’s stock valued at $99,986,000 after buying an additional 459,327 shares during the last quarter. Wells Fargo & Company MN raised its stake in Entergy Corporation by 22.2% in the first quarter. Wells Fargo & Company MN now owns 770,998 shares of the utilities provider’s stock valued at $58,564,000 after buying an additional 140,081 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Entergy Corporation by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 706,901 shares of the utilities provider’s stock valued at $53,692,000 after buying an additional 52,173 shares during the last quarter. 83.29% of the stock is currently owned by institutional investors and hedge funds.

Entergy Corporation (NYSE:ETR) traded up 2.35% during trading on Tuesday, hitting $77.50. 1,747,405 shares of the company’s stock traded hands. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83. The stock’s market cap is $13.91 billion. The firm’s 50-day moving average price is $76.90 and its 200 day moving average price is $75.68.

Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $3.16 EPS. Analysts anticipate that Entergy Corporation will post $5.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is presently -69.74%.

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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, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price target on shares of Entergy Corporation in a research report on Wednesday, April 12th. Barclays PLC reaffirmed 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. Mizuho reaffirmed a “neutral” rating and set a $79.00 price target on shares of Entergy Corporation in a research report on Wednesday, April 19th. Finally, Morgan Stanley lifted 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.46.

In related news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 600 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $75.92, for a total transaction of $45,552.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

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.

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

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