UniSuper Management Pty Ltd Sells 104,697 Shares of Entergy Corporation $ETR

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Entergy Corporation by 13.4%, selling 104,697 shares and owning approximately 0.16% of the company worth $57.66 million.
• Several institutional investors have significantly increased their holdings in Entergy, with Millennium Management LLC raising its position by 474% and TD Asset Management Inc by 964.8% during the most recent quarters.
• Entergy announced a quarterly dividend of $0.60 per share, representing a 2.7% yield and a payout ratio of 59.85%, following a positive earnings report that exceeded expectations.

UniSuper Management Pty Ltd trimmed its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 674,486 shares of the utilities provider's stock after selling 104,697 shares during the quarter. UniSuper Management Pty Ltd owned 0.16% of Entergy worth $57,662,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC lifted its holdings in shares of Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after buying an additional 129 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after acquiring an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock worth $90,000 after purchasing an additional 165 shares in the last quarter. Horizon Investments LLC boosted its holdings in Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after purchasing an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC grew its position in shares of Entergy by 100.0% during the 4th 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. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction 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. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETR. KeyCorp reiterated an "overweight" rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating for the company. Finally, Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company an "outperform" rating in a research note on Thursday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.87.

Entergy Price Performance

ETR traded up $0.48 during trading on Friday, reaching $90.34. The stock had a trading volume of 681,591 shares, compared to its average volume of 3,438,923. The stock has a market cap of $40.33 billion, a PE ratio of 22.52, a PEG ratio of 2.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. Entergy Corporation has a one year low of $62.31 and a one year high of $92.40. The business has a 50-day moving average of $87.60 and a 200-day moving average of $84.51.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed 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 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 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.