Electron Capital Partners LLC Cuts Stock Holdings in Entergy Corporation $ETR

Key Points

• Electron Capital Partners LLC reduced its stake in Entergy Corporation by 37.5%, now holding 637,189 shares valued at approximately $54.47 million.
• Entergy recently reported $1.05 EPS, surpassing consensus estimates of $0.91, with guidance for FY 2025 set at 3.750-3.95 EPS.
• The company declared a quarterly dividend of $0.60, with an annualized yield of 2.8% and a payout ratio of 59.85%.

Electron Capital Partners LLC reduced its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 637,189 shares of the utilities provider's stock after selling 382,121 shares during the period. Entergy comprises approximately 3.6% of Electron Capital Partners LLC's portfolio, making the stock its 12th largest position. Electron Capital Partners LLC owned approximately 0.15% of Entergy worth $54,473,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Concentric Capital Strategies LP purchased a new stake in shares of Entergy during the 1st quarter worth $841,000. Copperleaf Capital LLC purchased a new stake in shares of Entergy during the 1st quarter worth $242,000. Alliancebernstein L.P. lifted its position in shares of Entergy by 13.4% during the 1st quarter. Alliancebernstein L.P. now owns 553,514 shares of the utilities provider's stock worth $47,320,000 after purchasing an additional 65,341 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Entergy by 9.8% during the 1st quarter. Advisors Asset Management Inc. now owns 97,719 shares of the utilities provider's stock worth $8,354,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Entergy by 32.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 89,227 shares of the utilities provider's stock worth $7,628,000 after purchasing an additional 22,051 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value 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 represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

Entergy Stock Performance

Shares of NYSE:ETR traded down $1.00 on Monday, reaching $86.75. The company's stock had a trading volume of 3,263,912 shares, compared to its average volume of 3,474,525. The stock's 50-day moving average is $87.14 and its two-hundred day moving average is $84.42. Entergy Corporation has a 52-week low of $60.00 and a 52-week high of $92.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The stock has a market capitalization of $38.72 billion, a P/E ratio of 21.61, a PEG ratio of 2.39 and a beta of 0.61.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the prior year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. Barclays reduced 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. Jefferies Financial Group began coverage on shares of Entergy in a research report on Thursday. They issued a "buy" rating and a $109.00 price target for the company. Finally, Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.87.

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.