Advisors Asset Management buys $30,403,057 stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Advisors Asset Management scooped up 37,352 additional shares in Entergy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 383,538 shares of Entergy Corporation which is valued at $30,403,057.Entergy Corporation makes up approximately 0.48% of Advisors Asset Management’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can reduced its stake in ETR by selling 90,964 shares or 25.21% in the most recent quarter. The Hedge Fund company now holds 269,855 shares of ETR which is valued at $21,677,452. Entergy Corporation makes up approx 0.06% of Great West Life Assurance Co Can’s portfolio.Meritage Portfolio Management reduced its stake in ETR by selling 3,890 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 159,891 shares of ETR which is valued at $13,055,100. Entergy Corporation makes up approx 1.42% of Meritage Portfolio Management’s portfolio.Gofen Glossberg Il reduced its stake in ETR by selling 502 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 9,685 shares of ETR which is valued at $783,710. Entergy Corporation makes up approx 0.03% of Gofen Glossberg Il’s portfolio.

Entergy Corporation closed down -1.31 points or -1.65% at $78.21 with 7,20,287 shares getting traded on Monday. Post opening the session at $79.54, the shares hit an intraday low of $78.19 and an intraday high of $79.7 and the price fluctuated in this range throughout the day.Shares ended Monday 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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