45,492 Entergy Corporation $ETR Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing reduced its Entergy stake by 59.6% in the third quarter, selling 45,492 shares and retaining 30,863 shares worth approximately $3.06 million. Institutional investors collectively own 88.07% of Entergy.
• Analysts maintain a generally positive outlook, with 20 Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $121.25.
• Entergy reported quarterly EPS of $1.03, slightly above estimates, and maintains a quarterly dividend of $0.64 per share, equivalent to a 2.4% yield and $2.56 annualized payout.

Inspire Investing LLC decreased its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 59.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,863 shares of the utilities provider's stock after selling 45,492 shares during the period. Inspire Investing LLC's holdings in Entergy were worth $3,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in shares of Entergy during the 2nd quarter worth approximately $28,000. City State Bank raised its stake in Entergy by 439.6% in the 3rd quarter. City State Bank now owns 259 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 211 shares during the period. Pingora Partners LLC bought a new stake in Entergy in the 2nd quarter valued at $30,000. Bank of New Hampshire raised its stake in Entergy by 303.0% in the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 200 shares during the period. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Entergy during the 1st quarter valued at $30,000. Institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ETR shares. LADENBURG THALM/SH SH reduced their price objective on shares of Entergy from $120.50 to $113.50 and set a "buy" rating for the company in a research report on Monday, October 12th. Scotiabank decreased their price objective on shares of Entergy from $129.00 to $121.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Morgan Stanley increased their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday. KeyCorp cut their target price on shares of Entergy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and a consensus price target of $121.25.

Insider Buying and Selling

In other news, insider Laura Landreaux sold 5,600 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider directly owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company's stock.

Entergy Stock Down 0.7%

ETR opened at $107.39 on Friday. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The company has a market capitalization of $50.11 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.40 and a beta of 0.46. The stock has a fifty day moving average of $104.27 and a 200-day moving average of $109.42.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy Corporation will post 4.40 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy's dividend payout ratio is presently 65.64%.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.

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