Dimensional Fund Advisors LP Sells 9,649 Shares of Entergy Corporation $ETR

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Entergy Corporation by 0.5%, now owning approximately 1.75 million shares valued at $149.5 million.
• Entergy's recent earnings report showed an EPS of $1.05, exceeding analysts' expectations of $0.91, despite a revenue of $3.02 billion that fell short of estimated $3.11 billion.
• The company declared a quarterly dividend of $0.60 per share, with a yield of 2.7% and a payout ratio of 59.85%.

Dimensional Fund Advisors LP lessened its position in Entergy Corporation (NYSE:ETR - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,749,170 shares of the utilities provider's stock after selling 9,649 shares during the period. Dimensional Fund Advisors LP owned 0.41% of Entergy worth $149,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 2,695,348 shares during the period. Bank of America Corp DE increased its stake in shares of Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Entergy by 71.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after buying an additional 5,368,396 shares during the period. Royal Bank of Canada increased its stake in shares of 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 buying an additional 2,089,169 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Entergy by 122.1% in the fourth quarter. Northern Trust Corp now owns 4,190,514 shares of the utilities provider's stock valued at $317,725,000 after buying an additional 2,303,345 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling at Entergy

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 stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Entergy Stock Up 0.6%

NYSE:ETR traded up $0.52 on Tuesday, hitting $89.69. The stock had a trading volume of 3,385,560 shares, compared to its average volume of 2,662,587. The business's fifty day moving average is $86.13 and its 200 day moving average is $84.20. The company has a market cap of $40.04 billion, a PE ratio of 22.34, a P/E/G ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. 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 announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. The business 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 prior year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ETR shares. Barclays decreased their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Raymond James Financial assumed coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. JPMorgan Chase & Co. raised their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Entergy 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.