Corient Private Wealth LP Sells 50,914 Shares of Entergy Corporation $ETR

Key Points

• Corient Private Wealth reduced its Entergy stake by 41.9%, selling 50,914 shares and retaining 70,457 shares valued at approximately $8.1 million. Institutional investors collectively own 88.07% of the utility company.
• Analysts remain broadly positive, with 17 Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $120.84.
• Entergy reported quarterly EPS of $1.03, beating estimates by $0.02, and maintains a quarterly dividend of $0.64 per share, equivalent to a 2.5% annualized yield.

Corient Private Wealth LP lowered its stake in Entergy Corporation (NYSE:ETR - Free Report) by 41.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,457 shares of the utilities provider's stock after selling 50,914 shares during the quarter. Corient Private Wealth LP's holdings in Entergy were worth $8,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in Entergy in the fourth quarter worth $28,000. Bell Investment Advisors Inc acquired a new stake in Entergy during the 2nd quarter worth $28,000. Fairway Wealth LLC acquired a new stake in Entergy during the 1st quarter worth $30,000. Dynamic Wealth Strategies LLC bought a new position in Entergy during the first quarter worth about $30,000. Finally, Pingora Partners LLC acquired a new position in Entergy in the second quarter valued at about $30,000. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore restated an "outperform" rating and set a $128.00 target price on shares of Entergy in a report on Monday, August 17th. BMO Capital Markets upped their price objective on Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BTIG Research reissued a "buy" rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Scotiabank restated a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.84.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the business's stock in a transaction that occurred on 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 directly owned 3,423 shares of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Landreaux sold 5,600 shares of Entergy 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 completion of the transaction, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company's stock.

Entergy Price Performance

NYSE:ETR opened at $103.28 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock's 50 day moving average price is $108.62 and its two-hundred day moving average price is $110.16. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.29 and a beta of 0.49. Entergy Corporation has a 12-month low of $87.38 and a 12-month high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the prior year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.5%. Entergy's dividend payout ratio (DPR) is currently 65.64%.

Entergy Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.

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