Entergy Corporation (ETR) Position Increased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI grew its stake in shares of Entergy Corporation (NYSE:ETR) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,437 shares of the utilities provider’s stock after acquiring an additional 2,627 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Entergy Corporation were worth $1,876,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sun Life Financial INC lifted its position in shares of Entergy Corporation by 1,658.9% during the second quarter. Sun Life Financial INC now owns 4,960 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 4,678 shares in the last quarter. Clinton Group Inc. lifted its position in shares of Entergy Corporation by 77.8% during the second quarter. Clinton Group Inc. now owns 15,038 shares of the utilities provider’s stock worth $1,154,000 after acquiring an additional 6,579 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Entergy Corporation during the second quarter worth $513,000. First Allied Advisory Services Inc. lifted its position in shares of Entergy Corporation by 0.9% during the second quarter. First Allied Advisory Services Inc. now owns 25,643 shares of the utilities provider’s stock worth $1,988,000 after acquiring an additional 235 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Entergy Corporation by 62.9% during the second quarter. Balyasny Asset Management LLC now owns 228,629 shares of the utilities provider’s stock worth $17,552,000 after acquiring an additional 88,280 shares in the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

Shares of Entergy Corporation (ETR) opened at 83.41 on Tuesday. The stock’s market cap is $14.97 billion. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $83.95. The firm’s 50-day moving average price is $78.68 and its 200-day moving average price is $77.50.

Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the consensus estimate of $1.20 by $1.91. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $3.16 EPS. Equities analysts predict that Entergy Corporation will post $6.73 EPS for the current year.

In other Entergy Corporation news, Director Alexis M. Herman sold 995 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,495 shares of company stock worth $271,313. Corporate insiders own 0.24% of the company’s stock.

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Several research firms have issued reports on ETR. Jefferies Group LLC upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. Morgan Stanley increased their target price on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Entergy Corporation currently has an average rating of “Hold” and a consensus target price of $79.33.

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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