Entergy Corporation (NYSE:ETR) Shares Bought by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its holdings in Entergy Corporation by 25% in the first quarter, owning 20,627 shares valued at approximately $1,763,000 as per its latest SEC filing.
• Insider Haley Fisackerly sold 4,463 shares of Entergy stock, representing a 57.36% decrease in their position, valued at around $403,901.50.
• Entergy has a current consensus rating of "Moderate Buy" among analysts, with a target price of $88.07, while it recently reported $1.05 earnings per share for the latest quarter, beating estimates.

Atria Wealth Solutions Inc. raised its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,627 shares of the utilities provider's stock after buying an additional 4,122 shares during the period. Atria Wealth Solutions Inc.'s holdings in Entergy were worth $1,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Acropolis Investment Management LLC increased its position in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after purchasing an additional 129 shares in the last quarter. Gen Wealth Partners Inc increased its position in shares of Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after purchasing an additional 144 shares in the last quarter. Legacy Investment Solutions LLC increased its position in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Glen Eagle Advisors LLC increased its position in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares in the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Entergy by 5.3% during the first quarter. Focus Financial Network Inc. now owns 4,352 shares of the utilities provider's stock worth $372,000 after buying an additional 218 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction 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 directly owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETR. Morgan Stanley lowered their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Barclays lowered their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Mizuho set a $97.00 price objective on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.07.

Entergy Trading Down 0.1%

Shares of ETR opened at $90.44 on Friday. The stock has a fifty day moving average of $84.36 and a two-hundred day moving average of $83.49. 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 company has a market capitalization of $40.37 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. Entergy Corporation has a fifty-two week low of $57.65 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion during 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 period in the previous year, the firm posted $1.92 EPS. As a group, analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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

Entergy Company 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.

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