Diversified Trust Co Lowers Stake in Entergy Corporation $ETR

Diversified Trust Co lowered its position in shares of Entergy Corporation (NYSE:ETR) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,702 shares of the utilities provider’s stock after selling 198 shares during the quarter. Diversified Trust Co’s holdings in Entergy were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ETR. TD Asset Management Inc lifted its holdings in shares of Entergy by 964.8% in the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after buying an additional 2,768,734 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after buying an additional 2,695,348 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Entergy in the first quarter worth $194,429,000. Nuveen LLC purchased a new position in shares of Entergy in the first quarter worth $123,648,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Entergy by 9,289.4% in the first quarter. GAMMA Investing LLC now owns 1,327,660 shares of the utilities provider’s stock worth $113,502,000 after buying an additional 1,313,520 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.7%

ETR stock opened at $90.78 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $64.38 and a twelve month high of $92.40. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61. The firm’s fifty day simple moving average is $88.75 and its two-hundred day simple moving average is $84.75.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Entergy’s payout ratio is 59.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. KeyCorp reaffirmed an “overweight” rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Jefferies Financial Group started coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price target on the stock. Finally, Barclays decreased their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $89.87.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

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.