Entergy Corporation $ETR Shares Sold by BROOKFIELD Corp ON

BROOKFIELD Corp ON cut its position in shares of Entergy Corporation (NYSE:ETR) by 33.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,885,589 shares of the utilities provider’s stock after selling 960,673 shares during the quarter. Entergy accounts for 0.9% of BROOKFIELD Corp ON’s portfolio, making the stock its 18th largest position. BROOKFIELD Corp ON owned about 0.44% of Entergy worth $161,199,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Entergy by 5.2% during 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 purchasing an additional 2,695,348 shares during the period. Ameriprise Financial Inc. lifted its stake in Entergy by 2.2% during the first quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock valued at $1,126,244,000 after purchasing an additional 289,468 shares during the last quarter. Royal Bank of Canada lifted its stake 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 valued at $354,317,000 after purchasing an additional 2,089,169 shares during the last quarter. Northern Trust Corp lifted its stake in Entergy by 3.4% during the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock valued at $370,488,000 after purchasing an additional 143,187 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Entergy by 15.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock valued at $284,380,000 after purchasing an additional 454,059 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by insiders.

Entergy Trading Up 1.6%

NYSE ETR opened at $89.89 on Friday. Entergy Corporation has a twelve month low of $61.04 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. The stock has a market cap of $40.13 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 2.41 and a beta of 0.61. The firm’s 50 day moving average price is $87.60 and its two-hundred day moving average price is $84.51.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio is presently 59.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ETR. Mizuho set a $97.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. KeyCorp reaffirmed an “overweight” rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Morgan Stanley set a $86.00 target price on Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Barclays reduced their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.87.

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.