SOA Wealth Advisors LLC. Sells 2,448 Shares of Entergy Corporation $ETR

SOA Wealth Advisors LLC. lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 22.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,483 shares of the utilities provider’s stock after selling 2,448 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Entergy were worth $705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marino Stram & Associates LLC lifted its position in shares of Entergy by 9.4% during the second quarter. Marino Stram & Associates LLC now owns 13,099 shares of the utilities provider’s stock worth $1,089,000 after purchasing an additional 1,121 shares in the last quarter. Childress Capital Advisors LLC raised its position in Entergy by 6.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 6,759 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 403 shares during the last quarter. Chicago Capital LLC boosted its position in Entergy by 7.3% in the 2nd quarter. Chicago Capital LLC now owns 6,136 shares of the utilities provider’s stock valued at $510,000 after buying an additional 418 shares during the last quarter. G&S Capital LLC bought a new position in Entergy in the second quarter valued at about $2,557,000. Finally, HB Wealth Management LLC increased its position in Entergy by 15.2% in the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock worth $1,851,000 after purchasing an additional 2,932 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.3%

ETR opened at $93.43 on Thursday. The stock has a fifty day moving average of $89.47 and a 200-day moving average of $85.14. The company has a market capitalization of $41.71 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.54 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $64.38 and a fifty-two week high of $94.31. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.6%. Entergy’s payout ratio is currently 59.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ETR. Raymond James Financial initiated coverage on shares of Entergy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Morgan Stanley dropped their target price on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Mizuho set a $97.00 price objective on Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, KeyCorp reissued an “overweight” rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.80.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the business’s 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 transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.