First Bank & Trust Sells 7,368 Shares of Entergy Corporation $ETR

Key Points

• First Bank & Trust reduced its stake in Entergy Corporation by 19.4%, selling 7,368 shares and now holding 30,576 shares valued at approximately $2.54 million.
• Several institutional investors have significantly increased their holdings in Entergy, with TD Asset Management Inc raising its stake by 964.8% in the first quarter.
• Entergy reported an EPS of $1.05 last quarter, surpassing analyst expectations of $0.91, and has set a FY 2025 EPS guidance of 3.750-3.95.

First Bank & Trust reduced its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,576 shares of the utilities provider's stock after selling 7,368 shares during the period. First Bank & Trust's holdings in Entergy were worth $2,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Choreo LLC increased its holdings in Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock worth $816,000 after purchasing an additional 1,042 shares during the period. First American Trust FSB acquired a new stake in shares of Entergy during the first quarter worth $3,896,000. Empowered Funds LLC boosted its holdings in Entergy by 369.8% in the first quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider's stock valued at $7,352,000 after acquiring an additional 67,696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider's stock worth $8,219,000 after purchasing an additional 19,862 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Entergy during the first quarter worth about $1,073,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Jefferies Financial Group assumed coverage on shares of Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 price objective for the company. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Barclays dropped their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, KeyCorp reiterated an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.87.

Entergy Trading Up 1.0%

ETR stock traded up $0.84 during mid-day trading on Friday, reaching $88.67. 4,786,567 shares of the stock traded hands, compared to its average volume of 2,318,942. The business has a 50-day moving average price of $88.46 and a two-hundred day moving average price of $84.63. 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 stock has a market capitalization of $39.58 billion, a PE ratio of 22.08, a PEG ratio of 2.39 and a beta of 0.61. Entergy Corporation has a one year low of $63.95 and a one year high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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 period 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. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy's dividend payout ratio (DPR) is currently 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.