Entergy Corporation (ETR) : Lathrop Investment Management Corp added new position in Entergy Corporation during the most recent quarter end. The investment management firm now holds 2,913 shares of Entergy Corporation which is valued at $216,582 , the company said in a statement filed on Apr 21, 2016 with the SEC.Entergy Corporation makes up approximately 0.07% of Lathrop Investment Management Corp’s portfolio.
Entergy Corporation opened for trading at $74.48 and hit $74.97 on the upside on Wednesday, eventually ending the session at $74.71, with a gain of 0.13% or 0.1 points. The heightened volatility saw the trading volume jump to 21,31,735 shares. Company has a market cap of $13,335 M.
Other Hedge Funds, Including , Brookstone Capital Management added ETR to its portfolio by purchasing 37,662 company shares during the most recent quarter which is valued at $2,866,831. Entergy Corporation makes up approx 0.44% of Brookstone Capital Management’s portfolio. Integrated Investment Consultants added ETR to its portfolio by purchasing 288 company shares during the most recent quarter which is valued at $21,923. Entergy Corporation makes up approx 0.01% of Integrated Investment Consultants’s portfolio.Juncture Wealth Strategies reduced its stake in ETR by selling 3,900 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of ETR which is valued at $197,912. Entergy Corporation makes up approx 0.15% of Juncture Wealth Strategies’s portfolio.
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.