Entergy Corporation $ETR Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Entergy Corporation (NYSE:ETR) by 52.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,537 shares of the utilities provider’s stock after selling 41,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Entergy were worth $3,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Entergy by 5.2% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,299,428 shares of the utilities provider’s stock worth $121,094,000 after purchasing an additional 64,037 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Entergy during the 3rd quarter valued at $239,000. Benjamin Edwards Inc. grew its holdings in shares of Entergy by 325.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 65,982 shares of the utilities provider’s stock valued at $6,149,000 after acquiring an additional 50,470 shares in the last quarter. United Asset Strategies Inc. increased its stake in shares of Entergy by 2.6% in the third quarter. United Asset Strategies Inc. now owns 140,404 shares of the utilities provider’s stock worth $13,084,000 after acquiring an additional 3,576 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Entergy by 246.2% during the third quarter. SG Americas Securities LLC now owns 136,162 shares of the utilities provider’s stock worth $12,689,000 after acquiring an additional 96,827 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.0%

Shares of ETR stock opened at $93.51 on Tuesday. Entergy Corporation has a 12 month low of $75.04 and a 12 month high of $98.58. The company has a market cap of $41.76 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $93.98 and its two-hundred day moving average is $91.32.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion during the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a $0.64 dividend. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insider Transactions at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,179 shares of company stock worth $981,707. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

ETR has been the topic of several research reports. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Scotiabank set a $105.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. TD Cowen started coverage on shares of Entergy in a research note on Friday. They issued a “buy” rating and a $108.00 target price for the company. UBS Group reissued a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Finally, BMO Capital Markets restated an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $103.19.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.