Symons Capital Management Inc buys $20.7 Million stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Symons Capital Management Inc scooped up 1,200 additional shares in Entergy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 270,461 shares of Entergy Corporation which is valued at $20.7 Million.Entergy Corporation makes up approximately 5.14% of Symons Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in ETR by selling 16,800 shares or 36.98% in the most recent quarter. The Hedge Fund company now holds 28,631 shares of ETR which is valued at $2.2 Million. Entergy Corporation makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in ETR by selling 67,200 shares or 47.86% in the most recent quarter. The Hedge Fund company now holds 73,200 shares of ETR which is valued at $5.6 Million. Entergy Corporation makes up approx 0.08% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Ifp Advisors Inc boosted its stake in ETR in the latest quarter, The investment management firm added 2,707 additional shares and now holds a total of 12,946 shares of Entergy Corporation which is valued at $985,967. Entergy Corporation makes up approx 0.06% of Ifp Advisors Inc’s portfolio.Argent Trust Co boosted its stake in ETR in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 30,835 shares of Entergy Corporation which is valued at $2.3 Million. Entergy Corporation makes up approx 0.75% of Argent Trust Co’s portfolio.

Entergy Corporation opened for trading at $74.05 and hit $74.68 on the upside on Wednesday, eventually ending the session at $74.44, with a gain of 0.49% or 0.36 points. The heightened volatility saw the trading volume jump to 9,26,481 shares. Company has a market cap of $13,305 M.

On the company’s financial health, Entergy Corporation reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.22.Analysts expectations of $ 2972.35.During the same quarter in the previous year, the company posted $1.68 EPS.

Many Wall Street Analysts have commented on Entergy Corporation. Entergy Corporation was Downgraded by BofA/Merrill to ” Neutral” on Apr 12, 2016. Company shares were Reiterated by Jefferies on Apr 11, 2016 to “Hold”, Firm has raised the Price Target to $ 82.50 from a previous price target of $75.50 .Entergy Corporation was Upgraded by Goldman to ” Buy” on Apr 1, 2016.

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 owns and operates power plants with approximately 30000 megawatts of aggregate electric generating capacity including approximately 10000 megawatts of nuclear-fueled capacity. It operates in 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. The Entergy Wholesale Commodities business segment includes the ownership operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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