Prime Capital Investment Advisors LLC Sells 3,090 Shares of Entergy Corporation $ETR

Prime Capital Investment Advisors LLC decreased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,127 shares of the utilities provider's stock after selling 3,090 shares during the period. Prime Capital Investment Advisors LLC's holdings in Entergy were worth $2,587,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc increased its position in Entergy by 58.2% during the 2nd quarter. Marks Group Wealth Management Inc now owns 28,161 shares of the utilities provider's stock worth $2,341,000 after buying an additional 10,357 shares during the period. Simplicity Wealth LLC bought a new position in Entergy during the 2nd quarter worth $408,000. AMF Tjanstepension AB bought a new position in Entergy during the 2nd quarter worth $30,969,000. 111 Capital bought a new position in Entergy during the 2nd quarter worth $1,019,000. Finally, Segment Wealth Management LLC increased its position in Entergy by 17.2% during the 2nd quarter. Segment Wealth Management LLC now owns 7,107 shares of the utilities provider's stock worth $591,000 after buying an additional 1,045 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In other 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 sale, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. 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 report on Thursday, August 21st. Scotiabank set a $105.00 price target on Entergy and gave the stock an "outperform" rating in a research report on Friday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Entergy in a research report on Saturday, September 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.00.

Entergy Stock Performance

NYSE:ETR opened at $95.90 on Wednesday. The stock's 50-day simple moving average is $90.09 and its 200 day simple moving average is $85.45. The firm has a market capitalization of $42.81 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. 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 twelve month low of $64.38 and a twelve month high of $98.58.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period last year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

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.

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