Entergy Corporation $ETR Shares Sold by Decade Renewable Partners LP

Key Points

• Decade Renewable Partners LP significantly reduced its holdings in Entergy Corporation, selling 74,017 shares and holding now 55,992 shares, which represents a 56.9% decrease.
• Entergy recently reported a quarterly earnings per share of $1.05, exceeding analysts' expectations of $0.91, despite a revenue of $3.02 billion that fell short of estimates.
• The company has declared a quarterly dividend of $0.60 per share to be paid on September 2nd, representing an annualized dividend yield of 2.7%.

Decade Renewable Partners LP lowered its position in Entergy Corporation (NYSE:ETR - Free Report) by 56.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,992 shares of the utilities provider's stock after selling 74,017 shares during the period. Entergy comprises 3.7% of Decade Renewable Partners LP's holdings, making the stock its 13th largest position. Decade Renewable Partners LP's holdings in Entergy were worth $4,787,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ETR. Acropolis Investment Management LLC boosted its holdings in Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after acquiring an additional 129 shares in the last quarter. Gen Wealth Partners Inc increased its position in shares of Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 144 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock worth $90,000 after buying an additional 165 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock worth $854,000 after purchasing an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC boosted its position in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Entergy Trading Down 0.3%

NYSE ETR traded down $0.26 during trading on Wednesday, hitting $87.15. The stock had a trading volume of 1,545,410 shares, compared to its average volume of 2,372,229. Entergy Corporation has a one year low of $60.00 and a one year high of $92.40. The stock has a 50 day simple moving average of $86.79 and a 200 day simple moving average of $84.39. The stock has a market capitalization of $38.90 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 2.40 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) 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 analyst estimates of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same quarter in the previous year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective 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. Mizuho set a $97.00 price objective on Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays lowered their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.50.

About Entergy

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.