Entergy Corporation $ETR Shares Sold by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Entergy Corporation by 25%, selling 50,238 shares during the second quarter, leaving them with 150,708 shares valued at approximately $12.5 million.
• Wall Street analysts show mixed ratings for Entergy, with thirteen analysts$91.33.
• Entergy recently announced a quarterly dividend of $0.60 per share, representing an annualized yield of 2.5% and a payout ratio of roughly 59.85%.

Knights of Columbus Asset Advisors LLC lessened its stake in Entergy Corporation (NYSE:ETR - Free Report) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,708 shares of the utilities provider's stock after selling 50,238 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Entergy were worth $12,527,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc grew its holdings in shares of Entergy by 58.2% in the 2nd quarter. Marks Group Wealth Management Inc now owns 28,161 shares of the utilities provider's stock worth $2,341,000 after acquiring an additional 10,357 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Entergy during the 2nd quarter worth $408,000. AMF Tjanstepension AB purchased a new stake in shares of Entergy in the 2nd quarter worth about $30,969,000. 111 Capital acquired a new stake in Entergy in the 2nd quarter valued at about $1,019,000. Finally, Segment Wealth Management LLC increased its holdings in Entergy by 17.2% during the 2nd quarter. Segment Wealth Management LLC now owns 7,107 shares of the utilities provider's stock valued at $591,000 after acquiring an additional 1,045 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Morgan Stanley cut their price target on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective on the stock. Barclays dropped their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, Mizuho set a $97.00 target price on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.33.

Entergy Trading Up 2.0%

NYSE ETR opened at $95.41 on Monday. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.60 and a beta of 0.62. 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 $64.38 and a one year high of $96.61. The company's 50 day moving average price is $89.72 and its 200 day moving average price is $85.29.

Entergy (NYSE:ETR - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Insider Buying and Selling

In other Entergy 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 completion of the transaction, the insider owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company's stock.

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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