Dean Capital Management Reduces Position in Entergy Corporation $ETR

Dean Capital Management lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 26.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,623 shares of the utilities provider’s stock after selling 7,193 shares during the period. Dean Capital Management’s holdings in Entergy were worth $1,678,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ETR. Brighton Jones LLC grew its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Entergy by 117.9% in the 4th quarter. CoreCap Advisors LLC now owns 926 shares of the utilities provider’s stock valued at $70,000 after buying an additional 501 shares during the period. Fiduciary Trust Co grew its stake in shares of Entergy by 100.1% in the 4th quarter. Fiduciary Trust Co now owns 11,244 shares of the utilities provider’s stock valued at $853,000 after buying an additional 5,626 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Entergy by 120.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 224,891 shares of the utilities provider’s stock valued at $17,051,000 after buying an additional 122,668 shares during the period. Finally, Ethic Inc. purchased a new stake in shares of Entergy in the 4th quarter valued at approximately $1,019,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of several analyst reports. Barclays dropped their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Raymond James Financial initiated coverage on shares of Entergy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. KeyCorp reissued an “overweight” rating and issued a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Finally, Mizuho set a $97.00 price target on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Twelve 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.87.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Entergy Stock Performance

NYSE:ETR opened at $86.75 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market capitalization of $38.72 billion, a P/E ratio of 21.61, a PEG ratio of 2.39 and a beta of 0.61. The company has a 50 day moving average price of $87.21 and a 200 day moving average price of $84.44. Entergy Corporation has a fifty-two week low of $60.00 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the company posted $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 disclosed 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 dividend on an annualized basis and a dividend yield of 2.8%. Entergy’s dividend payout ratio (DPR) is presently 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.