First Mercantile Trust Co Lowers stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : First Mercantile Trust Co reduced its stake in Entergy Corporation by 4.04% during the most recent quarter end. The investment management company now holds a total of 9,500 shares of Entergy Corporation which is valued at $694,735 after selling 400 shares in Entergy Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Entergy Corporation makes up approximately 0.09% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in ETR by selling 567 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 45,700 shares of ETR which is valued at $3,342,041. Entergy Corporation makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings reduced its stake in ETR by selling 3,338 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 150,809 shares of ETR which is valued at $11,061,840. Entergy Corporation makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in ETR in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 1,991 shares of Entergy Corporation which is valued at $146,040. Entergy Corporation makes up approx 0.04% of Washington Trust Bank’s portfolio.

Entergy Corporation closed down -0.68 points or -0.92% at $73.13 with 19,52,013 shares getting traded on Friday. Post opening the session at $74.27, the shares hit an intraday low of $73.115 and an intraday high of $74.75 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 $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.

Many Wall Street Analysts have commented on Entergy Corporation. Entergy Corporation was Upgraded by Guggenheim to ” Buy” on Aug 22, 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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