Entergy Corporation $ETR Shares Sold by Argentarii LLC

Argentarii LLC decreased its position in Entergy Corporation (NYSE:ETR) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,062 shares of the utilities provider’s stock after selling 838 shares during the period. Argentarii LLC’s holdings in Entergy were worth $255,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Entergy in the fourth quarter valued at approximately $1,592,000. Woodline Partners LP purchased a new position in Entergy in the fourth quarter worth $1,953,000. Focus Partners Advisor Solutions LLC raised its position in Entergy by 19.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,321 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 532 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Entergy in the fourth quarter valued at $240,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE:ETR opened at $89.27 on Tuesday. The company has a market cap of $39.85 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.41 and a beta of 0.61. The business has a fifty day simple moving average of $88.59 and a 200-day simple moving average of $84.71. Entergy Corporation has a 52 week low of $64.38 and a 52 week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

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

Entergy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy’s dividend payout ratio is 59.85%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. KeyCorp reissued an “overweight” rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus 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 Entergy stock in a transaction 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 transaction, the insider owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

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.