Entergy Corporation $ETR Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of Entergy Corporation (NYSE:ETR) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,132,486 shares of the utilities provider’s stock after selling 85,694 shares during the quarter. Truist Financial Corp’s holdings in Entergy were worth $177,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ETR. Chicago Capital LLC lifted its holdings in shares of Entergy by 7.3% during the second quarter. Chicago Capital LLC now owns 6,136 shares of the utilities provider’s stock valued at $510,000 after purchasing an additional 418 shares during the last quarter. G&S Capital LLC acquired a new stake in Entergy during the 2nd quarter worth about $2,557,000. HB Wealth Management LLC lifted its stake in Entergy by 15.2% during the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after buying an additional 2,932 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Entergy by 10.3% in the second quarter. V Square Quantitative Management LLC now owns 4,553 shares of the utilities provider’s stock worth $378,000 after buying an additional 426 shares during the period. Finally, LVW Advisors LLC boosted its holdings in shares of Entergy by 25.6% in the second quarter. LVW Advisors LLC now owns 9,637 shares of the utilities provider’s stock worth $801,000 after buying an additional 1,966 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Entergy Stock Performance

Shares of NYSE ETR opened at $93.18 on Wednesday. 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 one year low of $64.38 and a one year high of $93.92. The business’s 50-day moving average price is $89.37 and its two-hundred day moving average price is $85.08. The company has a market capitalization of $41.60 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates 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 company earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm 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. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Entergy’s dividend payout ratio is 59.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ETR. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Morgan Stanley cut their target price on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Jefferies Financial Group began coverage on Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 price target on the stock. Finally, Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $89.80.

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.