Washington Trust Bank Has Trimmed Entergy (ETR) Stake; John Hancock Preferred Income Fund II (HPF) Sentiment Is 0.77

June 20, 2018 - By Adrian Erickson

John Hancock Preferred Income Fund II (HPF) investors sentiment decreased to 0.77 in Q1 2018. It’s down -0.02, from 0.79 in 2017Q4. The ratio dropped, as 10 investment managers increased or started new holdings, while 13 cut down and sold their stakes in John Hancock Preferred Income Fund II. The investment managers in our database reported: 871,872 shares, up from 845,932 shares in 2017Q4. Also, the number of investment managers holding John Hancock Preferred Income Fund II in top ten holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 7 Increased: 6 New Position: 4.

Washington Trust Bank decreased Entergy Corp (ETR) stake by 87.14% reported in 2018Q1 SEC filing. Washington Trust Bank sold 4,633 shares as Entergy Corp (ETR)’s stock rose 3.61%. The Washington Trust Bank holds 684 shares with $54,000 value, down from 5,317 last quarter. Entergy Corp now has $14.46 billion valuation. The stock increased 2.02% or $1.58 during the last trading session, reaching $79.98. About 2.61M shares traded or 73.13% up from the average. Entergy Corporation (NYSE:ETR) has risen 2.40% since June 20, 2017 and is uptrending. It has underperformed by 10.17% the S&P500. Some Historical ETR News: ; 25/04/2018 – Entergy 1Q Net $133M; 25/04/2018 – ENTERGY CORP: REAFFIRMS FORECAST; 08/03/2018 – Entergy New Orleans Receives Approval to Build New Orleans Power Station; 25/04/2018 – ENTERGY CEO DENAULT SAYS HAD BEEN CONSIDERING 800 MEGAWATTS; 03/05/2018 – S&P REVISES ENTERGY LOUISIANA HOLDINGS INC. OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘BBB+’; 03/05/2018 – S&PGR Revises Entergy And Subs Outlooks To Stable; Rtgs Afrmd; 19/04/2018 – Steve Scalise: Scalise: Entergy News Means LA Families Win Twice with Tax Reform; 22/05/2018 – GLOBAL NUCLEAR FUEL AWARDED $250 MILLION-PLUS CONTRACT TO FUEL ENTERGY NUCLEAR BOILING WATER REACTORS; 25/04/2018 – Entergy 1Q Profit Rises 61%; Company Backs 2018 Guidance; 03/05/2018 – S&P REVISES ENTERGY NEW ORLEANS LLC OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘BBB+’

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.18, from 1.14 in 2017Q4. It turned negative, as 42 investors sold ETR shares while 178 reduced holdings. 62 funds opened positions while 149 raised stakes. 146.60 million shares or 1.33% more from 144.68 million shares in 2017Q4 were reported. Stifel Corporation stated it has 24,656 shares. Renaissance Ltd Liability Corp reported 0.29% in Entergy Corporation (NYSE:ETR). Prelude Cap Limited Co reported 9,961 shares or 0.06% of all its holdings. Employees Retirement Sys Of Texas holds 0.01% or 9,000 shares. Sg Americas Limited Liability Company has 29,981 shares. Synovus reported 1,414 shares stake. Balyasny Asset Mgmt has invested 0.05% in Entergy Corporation (NYSE:ETR). Boothbay Fund Management Ltd reported 5,660 shares. Johnson Investment Counsel Incorporated holds 2,625 shares or 0.01% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited has 6,900 shares. Gradient Invs Lc has 5,573 shares. 12,725 are owned by Sumitomo Mitsui Asset Management Company. Trustmark National Bank & Trust Trust Department reported 49,427 shares or 0.42% of all its holdings. Bnp Paribas Arbitrage holds 221,226 shares. Alphaone Ser Ltd Llc reported 0.01% of its portfolio in Entergy Corporation (NYSE:ETR).

Since March 5, 2018, it had 0 insider buys, and 4 selling transactions for $1.53 million activity. $816,086 worth of stock was sold by Mount Alyson M on Monday, March 5. FISACKERLY HALEY also sold $39,010 worth of Entergy Corporation (NYSE:ETR) shares. May Phillip R Jr had sold 7,700 shares worth $631,400 on Friday, April 27.

Washington Trust Bank increased Microsoft Corp (NASDAQ:MSFT) stake by 6,614 shares to 206,604 valued at $18.86 million in 2018Q1. It also upped Ppl Corp (NYSE:PPL) stake by 12,128 shares and now owns 14,633 shares. Boeing Co/The (NYSE:BA) was raised too.

Analysts await Entergy Corporation (NYSE:ETR) to report earnings on August, 1. They expect $1.48 earnings per share, down 52.41% or $1.63 from last year’s $3.11 per share. ETR’s profit will be $267.61 million for 13.51 P/E if the $1.48 EPS becomes a reality. After $1.16 actual earnings per share reported by Entergy Corporation for the previous quarter, Wall Street now forecasts 27.59% EPS growth.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Entergy Corporation has $101.0 highest and $59 lowest target. $82.75’s average target is 3.46% above currents $79.98 stock price. Entergy Corporation had 67 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo on Wednesday, October 25 with “Outperform”. The company was maintained on Friday, March 18 by Barclays Capital. RBC Capital Markets maintained Entergy Corporation (NYSE:ETR) on Sunday, September 24 with “Hold” rating. The firm earned “Neutral” rating on Thursday, October 12 by JP Morgan. The stock of Entergy Corporation (NYSE:ETR) has “Sell” rating given on Monday, September 7 by Zacks. On Friday, March 24 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock has “Hold” rating by Jefferies on Thursday, April 13. Mizuho maintained the shares of ETR in report on Thursday, April 19 with “Buy” rating. The firm has “Buy” rating given on Tuesday, April 12 by Bank of America. The rating was upgraded by Goldman Sachs on Monday, October 19 to “Neutral”.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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