Checchi Capital Advisers LLC Sells 753 Shares of Entergy Corporation $ETR

Checchi Capital Advisers LLC decreased its holdings in Entergy Corporation (NYSE:ETR) by 12.9% in the second quarter, Holdings Channel reports. The fund owned 5,086 shares of the utilities provider’s stock after selling 753 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Entergy were worth $423,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC boosted its holdings in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the period. Atwood & Palmer Inc. boosted its holdings in Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy in the 1st quarter valued at $28,000. Grove Bank & Trust increased its stake in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 230 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Entergy during the first quarter worth $32,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Scotiabank set a $105.00 target price on shares of Entergy and gave the company an “outperform” rating in a research report on Friday. Evercore ISI set a $98.00 price target on shares of Entergy in a research report on Monday. Finally, Morgan Stanley cut their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Entergy Stock Up 2.2%

Shares of Entergy stock opened at $97.46 on Tuesday. Entergy Corporation has a 52-week low of $64.38 and a 52-week high of $98.58. The firm’s 50 day moving average price is $89.94 and its 200-day moving average price is $85.38. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a market cap of $43.51 billion, a P/E ratio of 24.27, a PEG ratio of 2.60 and a beta of 0.62.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio is currently 59.85%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

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.