Intech Investment Management LLC Sells 6,632 Shares of Entergy Corporation $ETR

Intech Investment Management LLC decreased its holdings in Entergy Corporation (NYSE:ETR) by 23.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,096 shares of the utilities provider’s stock after selling 6,632 shares during the period. Intech Investment Management LLC’s holdings in Entergy were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ETR. Glen Eagle Advisors LLC grew its holdings in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entergy in the first quarter valued at $28,000. Fourth Dimension Wealth LLC purchased a new stake in Entergy in the fourth quarter valued at $30,000. Grove Bank & Trust boosted its holdings in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Entergy in the first quarter valued at $32,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ETR. Raymond James Financial began coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley set a $86.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.87.

Entergy Stock Down 2.1%

ETR opened at $88.27 on Wednesday. Entergy Corporation has a twelve month low of $63.18 and a twelve month high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $88.08 and a 200 day moving average price of $84.58. The company has a market cap of $39.40 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio is presently 59.85%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.