Entergy Corporation $ETR Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 59.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,430 shares of the utilities provider’s stock after selling 12,197 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Entergy were worth $701,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ETR. Astoria Portfolio Advisors LLC. acquired a new stake in Entergy in the second quarter valued at approximately $206,000. Concord Wealth Partners raised its holdings in Entergy by 57.7% in the second quarter. Concord Wealth Partners now owns 1,164 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 426 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Entergy by 9.3% in the second quarter. Sequoia Financial Advisors LLC now owns 7,517 shares of the utilities provider’s stock valued at $625,000 after acquiring an additional 638 shares in the last quarter. Welch Group LLC raised its holdings in Entergy by 4.1% in the second quarter. Welch Group LLC now owns 6,343 shares of the utilities provider’s stock valued at $527,000 after acquiring an additional 251 shares in the last quarter. Finally, Second Half Financial Partners LLC acquired a new stake in Entergy in the second quarter valued at approximately $227,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.2%

ETR stock opened at $95.80 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $66.75 and a twelve month high of $98.58. The company’s 50 day moving average is $91.02 and its two-hundred day moving average is $86.09. The stock has a market cap of $42.77 billion, a P/E ratio of 23.86, a PEG ratio of 2.61 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. Research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. Bank of America raised their target price on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. BMO Capital Markets reissued an “outperform” rating and set a $104.00 price objective (up previously from $96.00) on shares of Entergy in a report on Tuesday. Finally, Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.57.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.