Evercore Trust Company N.a. Lowers stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Evercore Trust Company N.a. reduced its stake in Entergy Corporation by 1.05% during the most recent quarter end. The investment management company now holds a total of 5,984,985 shares of Entergy Corporation which is valued at $475,926,007 after selling 63,349 shares in Entergy Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Entergy Corporation makes up approximately 1.50% of Evercore Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in ETR in the latest quarter, The investment management firm added 8,012 additional shares and now holds a total of 446,700 shares of Entergy Corporation which is valued at $35,521,584. Entergy Corporation makes up approx 0.04% of Blackrock Investment Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in ETR by selling 1,200 shares or 28.54% in the most recent quarter. The Hedge Fund company now holds 3,004 shares of ETR which is valued at $245,277.

Entergy Corporation closed down -1.29 points or -1.63% at $77.99 with 10,66,341 shares getting traded on Friday. Post opening the session at $78.93, the shares hit an intraday low of $77.67 and an intraday high of $79.17 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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