Adams Asset Advisors Lowers stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Adams Asset Advisors reduced its stake in Entergy Corporation by 0.6% during the most recent quarter end. The investment management company now holds a total of 76,211 shares of Entergy Corporation which is valued at $6,093,832 after selling 457 shares in Entergy Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Entergy Corporation makes up approximately 1.02% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Hexavest reduced its stake in ETR by selling 19,157 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 259,110 shares of ETR which is valued at $20,827,262. Entergy Corporation makes up approx 0.31% of Hexavest’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ETR by selling 41,446 shares or 24.42% in the most recent quarter. The Hedge Fund company now holds 128,250 shares of ETR which is valued at $10,372,860. Entergy Corporation makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.

Entergy Corporation closed down -0.43 points or -0.53% at $79.96 with 7,89,803 shares getting traded on Wednesday. Post opening the session at $80.44, the shares hit an intraday low of $79.82 and an intraday high of $80.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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