Wealthcare Advisory Partners LLC Cuts Holdings in Entergy Corporation $ETR

Wealthcare Advisory Partners LLC decreased its holdings in Entergy Corporation (NYSE:ETR) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,307 shares of the utilities provider’s stock after selling 241 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Entergy were worth $1,023,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mattson Financial Services LLC lifted its holdings in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy in the 1st quarter valued at about $28,000. Atwood & Palmer Inc. lifted its holdings in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Entergy in the 1st quarter valued at about $32,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ETR shares. Jefferies Financial Group started coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Barclays set a $100.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Monday. Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Saturday, September 27th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Entergy Stock Down 1.6%

Shares of NYSE:ETR opened at $95.90 on Wednesday. The business has a 50 day simple moving average of $90.09 and a two-hundred day simple moving average of $85.45. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. Entergy Corporation has a 1 year low of $64.38 and a 1 year high of $98.58. The firm has a market capitalization of $42.81 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter 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, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy 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 completion of the sale, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

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.