Commonwealth Equity Services LLC Has $7.71 Million Position in Entergy Corporation $ETR

Commonwealth Equity Services LLC lessened its stake in Entergy Corporation (NYSE:ETR) by 21.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,686 shares of the utilities provider’s stock after selling 21,994 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Entergy were worth $7,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the last quarter. Woodline Partners LP increased its position in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Entergy by 13.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,456 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 402 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Entergy by 55.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,804 shares of the utilities provider’s stock worth $399,000 after purchasing an additional 1,714 shares in the last quarter. Finally, Atwood & Palmer Inc. lifted its holdings in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This represents a 39.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Cowen started coverage on Entergy in a report on Thursday, January 8th. They issued a “buy” rating on the stock. Morgan Stanley set a $91.00 price target on shares of Entergy in a report on Thursday, November 20th. TD Cowen assumed coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Finally, Bank of America raised their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.19.

Entergy Stock Performance

NYSE:ETR opened at $94.29 on Wednesday. The firm has a market capitalization of $42.11 billion, a PE ratio of 23.28, a PEG ratio of 2.09 and a beta of 0.66. Entergy Corporation has a 1 year low of $75.55 and a 1 year high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm’s fifty day simple moving average is $93.95 and its 200 day simple moving average is $91.41.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a net margin of 14.26% and a return on equity of 11.53%. During the same period in the prior year, the company earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio is presently 63.21%.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.