Entergy Corporation $ETR Holdings Lowered by Clarius Group LLC

Clarius Group LLC lowered its stake in Entergy Corporation (NYSE:ETR) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,336 shares of the utilities provider’s stock after selling 195 shares during the quarter. Clarius Group LLC’s holdings in Entergy were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AMF Tjanstepension AB acquired a new position in shares of Entergy in the second quarter worth about $30,969,000. 111 Capital purchased a new stake in shares of Entergy in the 2nd quarter valued at approximately $1,019,000. Segment Wealth Management LLC boosted its stake in Entergy by 17.2% in the 2nd quarter. Segment Wealth Management LLC now owns 7,107 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 1,045 shares during the period. Ascent Group LLC grew its position in Entergy by 0.8% during the 2nd quarter. Ascent Group LLC now owns 40,129 shares of the utilities provider’s stock worth $3,336,000 after purchasing an additional 315 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Entergy by 8.2% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,858 shares of the utilities provider’s stock worth $2,565,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Up 2.2%

NYSE:ETR opened at $97.46 on Tuesday. The company has a market capitalization of $43.51 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.60 and a beta of 0.62. The stock’s 50 day moving average price is $89.94 and its 200 day moving average price is $85.38. 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 Corporation has a 52 week low of $64.38 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS 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 company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on ETR shares. Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Saturday, September 27th. Finally, Morgan Stanley lowered their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.