Fort Washington Investment Advisors Inc. OH Sells 56,511 Shares of Entergy Corporation $ETR

Key Points

• Fort Washington Investment Advisors Inc. OH has reduced its holdings in Entergy Corporation by 8.5%, selling 56,511 shares and retaining a total of 610,518 shares valued at approximately $50.7 million.
• Several institutional investors have modified their positions in Entergy, and 88.07% of the company's stock is currently owned by such investors.
• Entergy's most recent quarterly earnings report showed an earnings per share (EPS) of $1.05, beating estimates by $0.14, while revenue for the quarter was $3.02 billion, slightly below analyst expectations.

Fort Washington Investment Advisors Inc. OH reduced its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 610,518 shares of the utilities provider's stock after selling 56,511 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.14% of Entergy worth $50,746,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. My Legacy Advisors LLC grew its stake in Entergy by 0.8% in the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider's stock valued at $1,361,000 after purchasing an additional 128 shares in the last quarter. Acropolis Investment Management LLC lifted its position in shares of Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after buying an additional 129 shares during the last quarter. Mattson Financial Services LLC lifted its position in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after buying an additional 150 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Entergy by 18.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after buying an additional 165 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after buying an additional 176 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ETR. Jefferies Financial Group began coverage on Entergy in a research report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective for the company. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Morgan Stanley dropped 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. Raymond James Financial began 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 objective on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.80.

Insiders Place Their Bets

In related 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 transaction of $403,901.50. Following the sale, the insider owned 3,318 shares in the company, valued at $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 available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Entergy Trading Up 2.1%

Shares of ETR opened at $92.22 on Friday. Entergy Corporation has a 52-week low of $64.38 and a 52-week high of $92.40. The business's fifty day moving average is $89.14 and its 200-day moving average is $84.95. 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 firm has a market cap of $41.17 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.51 and a beta of 0.61.

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 (EPS) for the quarter, beating 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Entergy's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.