Anchor Capital Advisors Lowers stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Anchor Capital Advisors reduced its stake in Entergy Corporation by 2.97% during the most recent quarter end. The investment management company now holds a total of 480,976 shares of Entergy Corporation which is valued at $38,636,802 after selling 14,735 shares in Entergy Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Entergy Corporation makes up approximately 0.99% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Btc Capital Management added ETR to its portfolio by purchasing 24,632 company shares during the most recent quarter which is valued at $1,978,689. Entergy Corporation makes up approx 0.42% of Btc Capital Management’s portfolio.Dt Investment Partners boosted its stake in ETR in the latest quarter, The investment management firm added 1,634 additional shares and now holds a total of 10,478 shares of Entergy Corporation which is valued at $852,804. Entergy Corporation makes up approx 0.23% of Dt Investment Partners’s portfolio.Daiwa Securities Group boosted its stake in ETR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 4,200 shares of Entergy Corporation which is valued at $336,630.Nisa Investment Advisors reduced its stake in ETR by selling 8,150 shares or 25.55% in the most recent quarter. The Hedge Fund company now holds 23,750 shares of ETR which is valued at $1,909,025. Entergy Corporation makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

Entergy Corporation closed down -0.32 points or -0.40% at $80.01 with 9,56,178 shares getting traded on Thursday. Post opening the session at $80.33, the shares hit an intraday low of $79.75 and an intraday high of $80.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Entergy Corporation reported $3.16 EPS for the quarter, beating the analyst consensus estimate by $ 2.12 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.04.Analysts expectations of $ 2822.63.During the same quarter in the previous year, the company posted $0.83 EPS.

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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