Horrell Capital Management Lowers stake in Entergy Corporation (ETR)

Entergy Corporation (ETR) : Horrell Capital Management reduced its stake in Entergy Corporation by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,892 shares of Entergy Corporation which is valued at $2,155,394 after selling 138 shares in Entergy Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Entergy Corporation makes up approximately 1.35% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , Boston Advisors added ETR to its portfolio by purchasing 176,132 company shares during the most recent quarter which is valued at $14,116,980. Entergy Corporation makes up approx 0.34% of Boston Advisors’s portfolio.Palo Capital boosted its stake in ETR in the latest quarter, The investment management firm added 3,005 additional shares and now holds a total of 5,596 shares of Entergy Corporation which is valued at $456,913. Entergy Corporation makes up approx 0.15% of Palo Capital’s portfolio.First Manhattan Co boosted its stake in ETR in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 3,094 shares of Entergy Corporation which is valued at $248,696.Creative Planning reduced its stake in ETR by selling 457 shares or 5.71% in the most recent quarter. The Hedge Fund company now holds 7,547 shares of ETR which is valued at $610,703.Washington Trust Bank boosted its stake in ETR in the latest quarter, The investment management firm added 199 additional shares and now holds a total of 1,936 shares of Entergy Corporation which is valued at $156,584. Entergy Corporation makes up approx 0.04% of Washington Trust Bank’s portfolio.

Entergy Corporation opened for trading at $80.46 and hit $81.48 on the upside on Friday, eventually ending the session at $81.39, with a gain of 1.08% or 0.87 points. The heightened volatility saw the trading volume jump to 11,69,263 shares. Company has a market cap of $14,548 M.

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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