Vident Advisory LLC Boosts Holdings in Entergy Corporation $ETR

Key Points

• Vident Advisory LLC increased its holdings in Entergy Corporation by 102.6%, purchasing an additional 20,812 shares to own a total of 41,092 shares worth approximately $3.5 million.
• Insider Haley Fisackerly sold 4,463 shares at an average price of $90.50, marking a 57.36% decrease in their position, leaving them with 3,318 shares valued at $300,279.
• Wall Street research firms have mixed sentiments on Entergy, with Barclays lowering their price target to $87.00 while KeyCorp increased theirs to $96.00, reflecting a range of “overweight” to “market perform” ratings among analysts.

Vident Advisory LLC grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 102.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,092 shares of the utilities provider's stock after acquiring an additional 20,812 shares during the period. Vident Advisory LLC's holdings in Entergy were worth $3,513,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 2.2% in the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock valued at $1,126,244,000 after acquiring an additional 289,468 shares during the last quarter. Royal Bank of Canada boosted its holdings in Entergy by 80.9% during the fourth quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider's stock worth $354,317,000 after buying an additional 2,089,169 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Entergy by 3.4% during the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider's stock worth $370,488,000 after buying an additional 143,187 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE ETR traded up $0.99 during mid-day trading on Thursday, reaching $88.19. The company's stock had a trading volume of 3,450,707 shares, compared to its average volume of 3,484,548. The stock has a 50-day moving average of $86.91 and a two-hundred day moving average of $84.41. The stock has a market capitalization of $39.37 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.40 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 1-year low of $60.00 and a 1-year high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last issued 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. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations 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 prior year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on ETR shares. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp reissued an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, Jefferies Financial Group started coverage on shares of Entergy in a report on Thursday. They set a "buy" rating and a $109.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $89.87.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the 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 owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

Entergy 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.