Aberdeen asset management plc uk cuts position of entergy corp. (etr) – bangaloreweekly

Aberdeen Asset Management PLC UK cut its stake in shares of Entergy Corp. (NYSE:ETR) by 16.8% during the second quarter, Holdings Channel reports. The institutional investor owned 283,668 shares of the company’s stock after selling 57,376 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Entergy Corp. were worth $23,077,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ETR. State Street Corp raised its stake in Entergy Corp. by 4.8% in the first quarter. State Street Corp now owns 9,645,391 shares of the company’s stock valued at $764,688,000 after buying an additional 440,615 shares in the last quarter.


Renaissance Technologies LLC raised its stake in Entergy Corp. by 12.3% in the first quarter. Renaissance Technologies LLC now owns 2,507,900 shares of the company’s stock valued at $198,826,000 after buying an additional 273,700 shares in the last quarter. Geode Capital Management LLC raised its stake in Entergy Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 1,668,003 shares of the company’s stock valued at $132,007,000 after buying an additional 26,197 shares in the last quarter. Legal & General Group Plc raised its stake in Entergy Corp. by 0.4% in the first quarter. Legal & General Group Plc now owns 985,723 shares of the company’s stock valued at $78,146,000 after buying an additional 4,034 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Entergy Corp. during the second quarter valued at $75,162,000. Institutional investors own 85.21% of the company’s stock.

Entergy Corp. (NYSE:ETR) traded down 0.46% on Friday, hitting $74.17. The stock had a trading volume of 976,101 shares. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 76.62 and a beta of 0.38. Entergy Corp. has a 1-year low of $64.11 and a 1-year high of $82.09. The company’s 50 day moving average is $77.01 and its 200-day moving average is $77.72.

Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, August 2nd. The company reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a net margin of 1.78% and a return on equity of 15.34%. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, analysts forecast that Entergy Corp. will post $6.72 EPS for the current year.

Several equities research analysts have recently weighed in on ETR shares. Guggenheim upgraded Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, August 22nd. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of Entergy Corp. in a report on Monday, October 17th. Deutsche Bank AG reduced their target price on Entergy Corp. from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Zacks Investment Research raised Entergy Corp. from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Friday, October 14th. Finally, Citigroup Inc. reduced their target price on Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.78.

In related news, insider Haley Fisackerly sold 1,250 shares of Entergy Corp. stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $77.60, for a total value of $97,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles L. Rice, Jr. sold 760 shares of Entergy Corp. stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $79.36, for a total transaction of $60,313.60. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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.