IFM Investors Pty Ltd Trims Stock Position in Entergy Corporation $ETR

Key Points

• IFM Investors Pty Ltd has reduced its holdings in Entergy Corporation by 13.8%, owning 108,282 shares worth approximately $9.26 million after selling 17,332 shares in the first quarter.
• Entergy reported an earnings per share (EPS) of $1.05 for the last quarter, exceeding analysts' expectations, and set guidance for FY 2025 at 3.750-3.95 EPS.
• The company recently declared a quarterly dividend of $0.60, yielding 2.7%, and has a dividend payout ratio of 59.85%.

IFM Investors Pty Ltd trimmed its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,282 shares of the utilities provider's stock after selling 17,332 shares during the quarter. IFM Investors Pty Ltd's holdings in Entergy were worth $9,257,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Belpointe Asset Management LLC increased its holdings in shares of Entergy by 72.1% during the 1st quarter. Belpointe Asset Management LLC now owns 4,339 shares of the utilities provider's stock worth $371,000 after buying an additional 1,818 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in shares of Entergy during the 1st quarter worth approximately $1,069,000. Ransom Advisory Ltd acquired a new stake in shares of Entergy during the 1st quarter worth approximately $41,000. Advisory Alpha LLC acquired a new stake in shares of Entergy during the 1st quarter worth approximately $201,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Entergy by 1,707.7% during the 1st quarter. Bayforest Capital Ltd now owns 3,525 shares of the utilities provider's stock worth $301,000 after buying an additional 3,330 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Up 0.5%

Shares of NYSE:ETR traded up $0.46 during trading on Friday, hitting $90.32. The company's stock had a trading volume of 2,082,846 shares, compared to its average volume of 2,388,549. The business has a 50 day moving average price of $87.76 and a two-hundred day moving average price of $84.55. The company has a market capitalization of $40.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.44 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. Entergy Corporation has a fifty-two week low of $62.31 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate 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 posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid 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 dividend yield of 2.7%. Entergy's payout ratio is presently 59.85%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ETR shares. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp reissued an "overweight" rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.87.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.39% 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.