Epoch Investment Partners Inc. Sells 93,940 Shares of Entergy Corporation $ETR

Key Points

• Epoch Investment Partners Inc. reduced its stake in Entergy Corporation by 7.1%, owning 1,235,977 shares valued at approximately $105.66 million after selling 93,940 shares in the first quarter.
• Entergy reported quarterly earnings of $1.05 per share, surpassing estimates, but its revenue of $3.02 billion fell short of expectations of $3.11 billion.
• The company declared a quarterly dividend of $0.60 per share, with an annualized yield of 2.7%, indicating a dividend payout ratio of 59.85%.

Epoch Investment Partners Inc. lowered its stake in Entergy Corporation (NYSE:ETR - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,235,977 shares of the utilities provider's stock after selling 93,940 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.29% of Entergy worth $105,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares in the last quarter. Bank of America Corp DE boosted its position in Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares during the period. Ameriprise Financial Inc. boosted its position in Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock worth $1,126,244,000 after acquiring an additional 289,468 shares during the period. Royal Bank of Canada boosted its position in Entergy by 80.9% during the 4th quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider's stock worth $354,317,000 after acquiring an additional 2,089,169 shares during the period. Finally, Northern Trust Corp boosted its position in Entergy by 3.4% during the 1st quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider's stock worth $370,488,000 after acquiring an additional 143,187 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

ETR traded down $0.02 on Friday, hitting $88.11. The company had a trading volume of 1,705,122 shares, compared to its average volume of 3,506,661. The company's fifty day moving average price is $86.45 and its 200 day moving average price is $84.28. Entergy Corporation has a 1-year low of $59.05 and a 1-year high of $92.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.57.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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 given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's payout ratio is currently 59.85%.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. Barclays decreased 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. KeyCorp reiterated an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Morgan Stanley set a $86.00 price target on Entergy and gave the company an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating for the company. Finally, Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy 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 directly owned 3,318 shares of the company's stock, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.