Entergy Corporation $ETR Stock Holdings Decreased by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. reduced its stake in Entergy Corporation by 44.2% during the first quarter, now holding 163,085 shares worth approximately $13.94 million.
• Entergy recently reported earnings of $1.05 per share, exceeding analysts' expectations by $0.14, while its revenue fell short at $3.02 billion compared to $3.11 billion estimated.
• The company declared a quarterly dividend of $0.60 per share, with an annualized yield of 2.7% and a payout ratio of 59.85%.

United Asset Strategies Inc. lessened its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 44.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,085 shares of the utilities provider's stock after selling 129,044 shares during the period. Entergy comprises 1.3% of United Asset Strategies Inc.'s portfolio, making the stock its 24th largest position. United Asset Strategies Inc.'s holdings in Entergy were worth $13,942,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Glen Eagle Advisors LLC lifted its holdings in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy during the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC bought a new stake in shares of Entergy during the 4th quarter valued at about $30,000. Grove Bank & Trust grew its position in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after buying an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Entergy during the 1st quarter valued at about $32,000. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. Raymond James Financial initiated coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Morgan Stanley lowered their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. KeyCorp reaffirmed an "overweight" rating and set a $96.00 price objective (up previously 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 stock an "outperform" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.14.

Entergy Price Performance

Shares of NYSE:ETR traded down $0.10 during trading on Monday, reaching $89.23. The company had a trading volume of 1,516,155 shares, compared to its average volume of 3,518,076. The firm's fifty day moving average is $85.81 and its 200 day moving average is $84.11. The firm has a market capitalization of $39.83 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. Entergy Corporation has a twelve month low of $59.05 and a twelve month high of $92.40. 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 (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's payout ratio is presently 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's 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 owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction 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.

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.