Strs Ohio Cuts Stake in Entergy Corporation $ETR

Strs Ohio reduced its holdings in shares of Entergy Corporation (NYSE:ETR) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 351,277 shares of the utilities provider’s stock after selling 10,023 shares during the period. Strs Ohio’s holdings in Entergy were worth $32,736,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in shares of Entergy in the 3rd quarter worth approximately $328,000. Bailard Inc. grew its holdings in shares of Entergy by 43.0% during the 3rd quarter. Bailard Inc. now owns 3,717 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 1,118 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Entergy by 3.6% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 5,982 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 206 shares during the period. Rakuten Investment Management Inc. bought a new stake in Entergy in the third quarter worth $2,480,000. Finally, Cornerstone Wealth Group LLC bought a new stake in Entergy in the third quarter worth $205,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider directly owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 10,179 shares of company stock valued at $981,707. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ETR shares. Citigroup raised their price objective on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. BTIG Research upgraded Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Wall Street Zen upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Mizuho increased their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.87.

Entergy Trading Down 0.4%

ETR opened at $93.21 on Friday. Entergy Corporation has a one year low of $75.55 and a one year high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The business has a 50 day simple moving average of $93.78 and a two-hundred day simple moving average of $92.00. The firm has a market capitalization of $41.63 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.09 and a beta of 0.66.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same period last year, the company earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.