Entergy Corporation $ETR Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its holdings in Entergy Corporation (NYSE:ETR) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 196,277 shares of the utilities provider’s stock after selling 7,826 shares during the period. Anchor Capital Advisors LLC’s holdings in Entergy were worth $18,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Stock Yards Bank & Trust Co. grew its position in shares of Entergy by 3.6% in the third quarter. Stock Yards Bank & Trust Co. now owns 5,982 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 206 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Entergy during the 3rd quarter valued at $2,480,000. Cornerstone Wealth Group LLC purchased a new position in Entergy during the third quarter worth $205,000. Bank of Stockton raised its holdings in shares of Entergy by 3.4% in the third quarter. Bank of Stockton now owns 8,750 shares of the utilities provider’s stock worth $815,000 after acquiring an additional 285 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in shares of Entergy by 45.2% in the third quarter. Sage Mountain Advisors LLC now owns 6,313 shares of the utilities provider’s stock valued at $588,000 after acquiring an additional 1,965 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 1.7%

NYSE:ETR opened at $94.74 on Wednesday. The business’s 50-day moving average is $93.85 and its two-hundred day moving average is $91.88. The firm has a market capitalization of $42.31 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. Entergy Corporation has a 12 month low of $75.55 and a 12 month high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last posted its 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 business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter last year, the firm earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.7%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio is 63.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ETR shares. BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. KeyCorp set a $102.00 price target on shares of Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. BTIG Research raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Finally, Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.03.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock worth $981,707 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Entergy Company Profile

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.