Kestra Advisory Services LLC Sells 6,190 Shares of Entergy Corporation $ETR

Key Points

• Kestra Advisory Services LLC reduced its stake in Entergy Corporation by 23.9%, now holding 19,663 shares worth approximately $1.68 million after selling 6,190 shares.
• Entergy's last quarterly earnings reported an EPS of $1.05, exceeding estimates, and the company announced a $0.60 quarterly dividend with a yield of 2.7%.
• Wall Street analysts have a mostly positive outlook on Entergy, with a consensus price target of $88.50 and 11 analysts rating it as a Buy.

Kestra Advisory Services LLC reduced its position in Entergy Corporation (NYSE:ETR - Free Report) by 23.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,663 shares of the utilities provider's stock after selling 6,190 shares during the quarter. Kestra Advisory Services LLC's holdings in Entergy were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entergy in the first quarter valued at $28,000. Grove Bank & Trust grew its position in shares of Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Glen Eagle Advisors LLC grew its position in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Entergy in the first quarter valued at $32,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Entergy in the fourth quarter valued at $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

ETR stock traded down $1.13 during mid-day trading on Friday, hitting $87.05. 482,446 shares of the stock were exchanged, compared to its average volume of 3,466,651. 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 business has a fifty day moving average price of $87.03 and a 200 day moving average price of $84.45. Entergy Corporation has a 12 month low of $60.00 and a 12 month high of $92.40. The stock has a market capitalization of $38.86 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.37 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, 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 quarter in the previous year, the company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.8%. Entergy's payout ratio is 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company's stock, valued at $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 available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ETR shares. Morgan Stanley set a $86.00 price target on Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Mizuho set a $97.00 price objective on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Jefferies Financial Group began coverage on Entergy in a research report on Thursday. They set a "buy" rating and a $109.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Twelve investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.87.

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.