Entergy Corporation $ETR Position Increased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Entergy Corporation by 18.0%, owning 30,313 shares worth approximately $2.59 million.
• Entergy's quarterly earnings report revealed an earnings per share (EPS) of $1.05, exceeding analysts' estimates, although revenue was $3.02 billion, below expectations.
• The company announced a quarterly dividend of $0.60 per share, reflecting a 2.7% yield, with a payout ratio of 59.85%.

Northwestern Mutual Wealth Management Co. raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,313 shares of the utilities provider's stock after purchasing an additional 4,632 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Entergy were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ETR. Choreo LLC raised its holdings in shares of Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock valued at $816,000 after buying an additional 1,042 shares during the period. First American Trust FSB purchased a new stake in shares of Entergy during the first quarter valued at approximately $3,896,000. J.W. Cole Advisors Inc. acquired a new position in shares of Entergy during the first quarter worth $1,073,000. EverSource Wealth Advisors LLC boosted its stake in shares of Entergy by 24.6% in the first quarter. EverSource Wealth Advisors LLC now owns 6,390 shares of the utilities provider's stock valued at $546,000 after purchasing an additional 1,261 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Entergy by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after purchasing an additional 15,892 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Up 1.1%

NYSE ETR traded up $0.99 on Thursday, hitting $88.19. 3,450,707 shares of the stock traded hands, compared to its average volume of 2,216,016. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average of $87.03 and a 200 day moving average of $84.45. Entergy Corporation has a twelve month low of $60.00 and a twelve month high of $92.40. The company has a market capitalization of $39.37 billion, a P/E ratio of 21.96, a price-to-earnings-growth 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 for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETR shares. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Morgan Stanley set a $86.00 price objective on Entergy and gave the company an "outperform" rating in a research note on Thursday, August 21st. Jefferies Financial Group began coverage on Entergy in a research report on Thursday. They issued a "buy" rating and a $109.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.