This article first appeared on GuruFocus.
In Tuesday’s session, 25 ETFs were buying Entergy (ETR) shares versus 11 selling, yet the net dollar value came out negative at $22.3 million because the sellers traded in larger amounts. ETF activity flipped from the prior day, when the stock drew $26.3 million in net buying. The move ended a two-day run of net inflows, following $1.0 million on Nov. 6 and $1.3 million on Nov. 4, with a $13.7 million outflow on Nov. 5 in between. The selling streak now stands at 1 day.
Every ETF and guru trade in ETR is tracked on the ETR guru trades page.
Which ETFs sold ETR on Tuesday?
The largest sellers by dollar value were XLU ($25.6 million), MTUM ($0.3 million) and IVV ($0.3 million). In all, 25 ETFs added shares and 11 cut them.
The largest seller was XLU, which cut 229,152 shares worth $25.6 million, a 2.77% reduction in its stake and 3.8% of its portfolio. MTUM trimmed 2,590 shares for $0.3 million, IVV shed 2,439 shares for $0.3 million, and IDU reduced 1,609 shares for $0.2 million. Entergy is a regulated electric utility in the Utilities sector with a market cap of $53.5 billion.
Have ETFs been buying or selling ETR lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does ETR do?
Entergy Corporation is a US electric utility holding company whose subsidiaries generate, transmit, and distribute electricity to retail customers across the southern United States. Its regulated utility businesses serve customers in Arkansas, Louisiana, Mississippi, and Texas, operating an integrated generation fleet that includes natural gas, nuclear, coal, and renewable resources.
Entergy reported trailing-12-month revenue of $14.04 billion, up 5.9% year over year, with a gross margin of 30.6% and a net margin of 14.7%. The stock trades at a P/E of 25.67, P/B of 2.7 and P/S of 3.72, against a price of $111.99 and a GF Value of $90.81. It carries a GF Score of 71, a dividend yield of 2.26% and a year-to-date return of 23.36%.
ETR at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
