Entergy Corporation $ETR Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly reduced its stake in Entergy Corporation by 49% in the first quarter, holding 6,592 shares valued at $564,000 after selling 6,326 shares.
• Entergy reported a quarterly earnings per share (EPS) of $1.05, exceeding analysts' expectations of $0.91, though its revenue of $3.02 billion fell short of forecasts.
• The company has announced a quarterly dividend of $0.60 per share, with a dividend yield of 2.6%, reinforcing its investor commitment despite insider selling activity.

Callan Family Office LLC reduced its stake in Entergy Corporation (NYSE:ETR - Free Report) by 49.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,592 shares of the utilities provider's stock after selling 6,326 shares during the quarter. Callan Family Office LLC's holdings in Entergy were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% in 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Entergy in the first quarter worth about $28,000. Fourth Dimension Wealth LLC purchased a new position in Entergy in the fourth quarter worth about $30,000. Grove Bank & Trust grew its position in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after acquiring an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Entergy in the 1st quarter worth about $32,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 1.6%

ETR stock traded down $1.47 during trading on Monday, hitting $87.65. The company had a trading volume of 692,214 shares, compared to its average volume of 3,555,910. Entergy Corporation has a 52-week low of $58.79 and a 52-week high of $92.40. The firm has a market capitalization of $39.13 billion, a P/E ratio of 21.85, a PEG ratio of 2.42 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. The company has a 50 day simple moving average of $85.15 and a 200-day simple moving average of $83.87.

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 company 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 previous year, the firm earned $1.92 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio is presently 59.85%.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Barclays dropped their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their target price on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets raised their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.07.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Entergy 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.