Meritage Portfolio Management Lowers stake in ENTERGY CORP CM (ETR)

ENTERGY CORP CM (ETR) : Meritage Portfolio Management reduced its stake in ENTERGY CORP CM by 0.29% during the most recent quarter end. The investment management company now holds a total of 163,781 shares of ENTERGY CORP CM which is valued at $12,177,117 after selling 470 shares in ENTERGY CORP CM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ENTERGY CORP CM makes up approximately 1.37% of Meritage Portfolio Management’s portfolio.

ENTERGY CORP CM 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 , Lathrop Investment Management Corp added ETR to its portfolio by purchasing 2,913 company shares during the most recent quarter which is valued at $216,582. ENTERGY CORP CM makes up approx 0.07% of Lathrop Investment Management Corp’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in ETR in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 53,722 shares of ENTERGY CORP CM which is valued at $3,994,231. ENTERGY CORP CM makes up approx 0.07% of Gulf International Bank (uk) Ltd’s portfolio. Gemmer Asset Management added ETR to its portfolio by purchasing 81 company shares during the most recent quarter which is valued at $6,166.Pioneer Trust Bank N Aor boosted its stake in ETR in the latest quarter, The investment management firm added 555 additional shares and now holds a total of 3,690 shares of ENTERGY CORP CM which is valued at $280,883. ENTERGY CORP CM makes up approx 0.18% of Pioneer Trust Bank N Aor’s portfolio.

On the company’s financial health, ENTERGY CORP CM 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 CORP CM. ENTERGY CORP CM 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 CORP CM 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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