Entergy Corporation $ETR Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its position in Entergy Corporation (NYSE:ETR - Free Report) by 46.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 338,788 shares of the utilities provider's stock after selling 296,311 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Entergy worth $28,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Entergy by 474.0% in the 4th quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider's stock valued at $293,953,000 after buying an additional 3,201,530 shares during the period. TD Asset Management Inc lifted its holdings in Entergy by 964.8% in the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock valued at $261,232,000 after acquiring an additional 2,768,734 shares during the period. Vanguard Group Inc. lifted its holdings in Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Alkeon Capital Management LLC acquired a new stake in Entergy in the first quarter valued at $194,429,000. Finally, Royal Bank of Canada lifted its holdings in Entergy by 80.9% in the fourth quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider's stock valued at $354,317,000 after acquiring an additional 2,089,169 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. 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. JPMorgan Chase & Co. lifted their price objective on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Finally, Jefferies Financial Group started coverage on shares of Entergy in a research report on Thursday, September 4th. They set a "buy" rating and a $109.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $89.87.

Entergy Trading Up 0.5%

Shares of NYSE ETR traded up $0.47 on Friday, reaching $90.33. 613,474 shares of the company traded hands, compared to its average volume of 3,438,600. Entergy Corporation has a fifty-two week low of $62.31 and a fifty-two week high of $92.40. The company has a 50 day moving average of $87.60 and a 200 day moving average of $84.51. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $40.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.41 and a beta of 0.61.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter in the prior year, the business posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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 paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy's dividend payout ratio (DPR) is currently 59.85%.

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.