Ceredex Value Advisors LLC decreased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 24.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,469 shares of the utilities provider's stock after selling 106,281 shares during the period. Ceredex Value Advisors LLC owned about 0.08% of Entergy worth $27,910,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in ETR. Bank of America Corp DE lifted its position in Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Entergy by 71.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after buying an additional 5,368,396 shares in the last quarter. Millennium Management LLC raised its stake in shares of Entergy by 474.0% during the fourth quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider's stock worth $293,953,000 after buying an additional 3,201,530 shares during the last quarter. TD Asset Management Inc increased its position in shares of Entergy by 964.8% during the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after acquiring an additional 2,768,734 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Entergy by 5.2% during the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
Entergy Stock Down 0.0%
ETR stock traded down $0.02 during mid-day trading on Friday, reaching $88.11. The company had a trading volume of 1,705,122 shares, compared to its average volume of 3,506,661. Entergy Corporation has a fifty-two week low of $59.05 and a fifty-two week high of $92.40. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a fifty day simple moving average of $86.45 and a 200 day simple moving average of $84.28.
Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period last year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.
Analyst Upgrades and Downgrades
ETR has been the topic of a number of research analyst reports. Barclays reduced 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. KeyCorp reaffirmed an "overweight" rating and set a $96.00 price objective (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial assumed coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Finally, Mizuho set a $97.00 price objective on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Eleven research 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
View Our Latest Stock Analysis on Entergy
Insider Activity
In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.39% of the company's stock.
Entergy Company Profile
(
Free Report)
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.
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