Quadcap Wealth Management LLC Sells 4,004 Shares of Entergy Corporation $ETR

Key Points

• Quadcap Wealth Management LLC reduced its holdings in Entergy Corporation by 8.3%, owning 44,089 shares after selling 4,004 shares during the first quarter.
• Entergy reported a Q2 EPS of $1.05, exceeding analysts' expectations, although revenue fell short at $3.02 billion compared to the anticipated $3.11 billion.
• The board has announced a quarterly dividend of $0.60 per share, which will be paid on September 2nd, with a current dividend yield of 2.7%.

Quadcap Wealth Management LLC cut its stake in Entergy Corporation (NYSE:ETR - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,089 shares of the utilities provider's stock after selling 4,004 shares during the quarter. Quadcap Wealth Management LLC's holdings in Entergy were worth $3,769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC lifted its stake in shares of Entergy by 0.7% in the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after acquiring an additional 129 shares during the last quarter. Gen Wealth Partners Inc increased its holdings in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 165 shares during the period. Horizon Investments LLC increased its holdings in Entergy by 1.8% during the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after purchasing an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ETR. Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Barclays reduced their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the company'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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.

Entergy Stock Down 0.0%

Shares of Entergy stock traded down $0.02 during midday trading on Friday, hitting $88.11. The company had a trading volume of 1,705,122 shares, compared to its average volume of 2,595,383. 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 stock has a market capitalization of $39.33 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.40 and a beta of 0.57. The company has a 50 day moving average of $86.45 and a 200 day moving average of $84.28. Entergy Corporation has a 52-week low of $59.05 and a 52-week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping 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 quarter in the prior year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy's dividend payout ratio is presently 59.85%.

Entergy Profile

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.