Northern Trust Corp Purchases 143,187 Shares of Entergy Corporation $ETR

Key Points

• Northern Trust Corp increased its holdings in Entergy Corporation by 3.4%, owning approximately 4.33 million shares valued at $370.49 million by the end of the most recent quarter.
• Insider Haley Fisackerly sold 4,463 shares at an average price of $90.50, reducing their ownership by 57.36%.
• Entergy recently announced a quarterly dividend of $0.60 per share, reflecting a 2.7% dividend yield based on its annualized payout.

Northern Trust Corp grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,333,701 shares of the utilities provider's stock after acquiring an additional 143,187 shares during the quarter. Northern Trust Corp owned 1.01% of Entergy worth $370,488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Choreo LLC lifted its position in shares of Entergy by 12.3% in the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock worth $816,000 after acquiring an additional 1,042 shares during the period. First American Trust FSB bought a new stake in shares of Entergy in the 1st quarter worth approximately $3,896,000. J.W. Cole Advisors Inc. bought a new stake in shares of Entergy in the 1st quarter worth approximately $1,073,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Entergy by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock worth $6,708,000 after acquiring an additional 15,892 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in shares of Entergy in the 1st quarter worth approximately $216,000. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays dropped their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Finally, Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.14.

Entergy Price Performance

ETR stock traded down $0.0690 during midday trading on Monday, reaching $89.2610. 275,867 shares of the company's stock traded hands, compared to its average volume of 3,510,205. The company has a 50-day simple moving average of $85.81 and a two-hundred day simple moving average of $84.11. Entergy Corporation has a 1-year low of $59.05 and a 1-year high of $92.40. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.43 and a beta of 0.57. 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 (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.11 billion. During the same period last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, 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 will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

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.