Korea Investment CORP lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,762 shares of the utilities provider’s stock after selling 6,000 shares during the period. Korea Investment CORP owned 0.06% of Entergy Corporation worth $8,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its position in shares of Entergy Corporation by 0.4% during the second quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock valued at $384,000 after buying an additional 20 shares during the last quarter. Advisor Partners LLC raised its position in shares of Entergy Corporation by 0.5% during the second quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock valued at $375,000 after buying an additional 24 shares during the last quarter. Univest Corp of Pennsylvania raised its position in shares of Entergy Corporation by 0.6% during the second quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock valued at $329,000 after buying an additional 25 shares during the last quarter. Regal Investment Advisors LLC raised its position in shares of Entergy Corporation by 0.4% during the second quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock valued at $524,000 after buying an additional 27 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Entergy Corporation by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

ETR has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub cut shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Citigroup Inc. upgraded shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $82.42.

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Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company earned $2.31 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be paid a $0.89 dividend. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Wednesday, November 8th. Entergy Corporation’s dividend payout ratio is currently -70.45%.

In related news, Director Alexis M. Herman sold 995 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 500 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,039 shares of company stock valued at $2,823,647. 0.24% of the stock is owned by corporate insiders.

Entergy Corporation 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.

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

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