Trustmark National Bank Trust Department buys $5.6 Million stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Trustmark National Bank Trust Department scooped up 732 additional shares in Entergy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 72,485 shares of Entergy Corporation which is valued at $5.6 Million.Entergy Corporation makes up approximately 0.75% of Trustmark National Bank Trust Department’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in ETR by selling 135 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 4,911 shares of ETR which is valued at $376,183.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in ETR in the latest quarter, The investment management firm added 2,121 additional shares and now holds a total of 26,272 shares of Entergy Corporation which is valued at $2 Million. Entergy Corporation makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Entergy Corporation closed down -0.02 points or -0.03% at $74.3 with 29,19,937 shares getting traded on Friday. Post opening the session at $74.57, the shares hit an intraday low of $73.86 and an intraday high of $74.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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