Entergy Corporation $ETR Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC has reduced its stake in Entergy Corporation by 5.2%, now holding 271,497 shares valued at approximately $23.2 million.
• Major institutional investors like Bank of America and Vanguard Group have significantly increased their positions, with Vanguard now owning over 54 million shares.
• Entergy reported an EPS of $1.05 for the last quarter, exceeding analysts' expectations and projecting a fiscal year 2025 EPS of 3.750-3.95.

Guggenheim Capital LLC reduced its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,497 shares of the utilities provider's stock after selling 14,829 shares during the period. Guggenheim Capital LLC owned about 0.06% of Entergy worth $23,210,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ETR. Bank of America Corp DE lifted its position in shares of Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after purchasing an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 acquiring an additional 5,368,396 shares in the last quarter. Millennium Management LLC raised its holdings in Entergy by 474.0% in the fourth quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider's stock valued at $293,953,000 after acquiring an additional 3,201,530 shares in the last quarter. TD Asset Management Inc raised 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 in the last quarter. Finally, Vanguard Group Inc. raised 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 in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays lowered their target price on shares of 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 shares of Entergy and gave the company an "outperform" rating in a research note on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Insiders Place Their Bets

In related 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 owned 3,318 shares of the company's stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Entergy Stock Up 0.6%

Entergy stock opened at $89.69 on Wednesday. The company has a 50-day simple moving average of $86.13 and a 200-day simple moving average of $84.20. The firm has a market capitalization of $40.04 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.43 and a beta of 0.57. 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 Corporation has a one year low of $59.05 and a one year high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last released 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 business 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 firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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

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