Entergy Corporation $ETR Shares Sold by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC reduced its position in Entergy Corporation (NYSE:ETR) by 7.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,632 shares of the utilities provider’s stock after selling 496 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Entergy were worth $551,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ETR. Mattson Financial Services LLC boosted its position in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy during the 1st quarter worth $28,000. Grove Bank & Trust boosted its position in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy during the 1st quarter worth $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday. Jefferies Financial Group started coverage on shares of Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Scotiabank set a $105.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

NYSE:ETR opened at $96.70 on Thursday. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average is $90.24 and its two-hundred day moving average is $85.53. Entergy Corporation has a 12-month low of $64.38 and a 12-month high of $98.58.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The company 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 in the prior year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Research analysts expect 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. Stockholders of record on Wednesday, August 13th were issued 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 was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

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.