Intech Investment Management LLC Trims Position in Entergy Corporation $ETR

Key Points

• Intech Investment Management LLC reduced its holdings in Entergy Corporation by 23.1%, selling 6,632 shares and now owning 22,096 shares valued at approximately $1.89 million.
• Several institutional investors, including Glen Eagle Advisors LLC and Migdal Insurance & Financial Holdings Ltd., are actively buying and selling Entergy shares, indicating significant institutional interest with 88.07% of the stock owned by these investors.
• Entergy recently reported earnings of $1.05 per share, exceeding expectations, and announced a quarterly dividend payout of $0.60, reflecting a 2.7% annualized yield.

Intech Investment Management LLC lessened its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,096 shares of the utilities provider's stock after selling 6,632 shares during the period. Intech Investment Management LLC's holdings in Entergy were worth $1,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Integrity Alliance LLC. bought a new position in Entergy during the 1st quarter valued at approximately $1,069,000. Ransom Advisory Ltd bought a new stake in shares of Entergy in the 1st quarter worth $41,000. Advisory Alpha LLC bought a new stake in shares of Entergy in the 1st quarter worth $201,000. Bayforest Capital Ltd increased its holdings in shares of Entergy by 1,707.7% in the 1st quarter. Bayforest Capital Ltd now owns 3,525 shares of the utilities provider's stock worth $301,000 after purchasing an additional 3,330 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Entergy by 15.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider's stock worth $284,380,000 after purchasing an additional 454,059 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Shares of ETR stock traded up $1.02 during mid-day trading on Friday, hitting $88.85. 1,822,446 shares of the stock were exchanged, compared to its average volume of 3,413,430. The firm has a fifty day moving average of $88.33 and a 200 day moving average of $84.60. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 52-week low of $63.95 and a 52-week high of $92.40. The company has a market cap of $39.66 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The company 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 prior year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's payout ratio is 59.85%.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy 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 sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.39% of the company's stock.

Analyst Ratings Changes

ETR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Jefferies Financial Group initiated coverage on Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.87.

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.