Vident Advisory LLC Buys 20,812 Shares of Entergy Corporation $ETR

Vident Advisory LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 102.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,092 shares of the utilities provider’s stock after purchasing an additional 20,812 shares during the period. Vident Advisory LLC’s holdings in Entergy were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of 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 acquiring an additional 6,733 shares during the period. Lido Advisors LLC boosted its position in Entergy by 109.8% during the fourth quarter. Lido Advisors LLC now owns 13,004 shares of the utilities provider’s stock worth $986,000 after purchasing an additional 6,806 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of Entergy by 600.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 32,430 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 27,803 shares in the last quarter. Comerica Bank raised its position in shares of Entergy by 66.3% in the fourth quarter. Comerica Bank now owns 96,644 shares of the utilities provider’s stock valued at $7,328,000 after purchasing an additional 38,527 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Entergy in the fourth quarter valued at approximately $13,134,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ETR. Barclays cut their price objective on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. KeyCorp reissued an “overweight” rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial began coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.50.

Entergy Trading Down 0.0%

Entergy stock opened at $88.11 on Monday. 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 fifty-two week low of $59.05 and a fifty-two week high of $92.40. The stock has a market cap of $39.33 billion, a P/E ratio of 21.95, a PEG ratio of 2.40 and a beta of 0.61. The firm’s fifty day moving average price is $86.60 and its 200-day moving average price is $84.34.

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. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy’s dividend payout ratio is 59.85%.

Entergy 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.