Entergy Corporation $ETR Shares Sold by Clarius Group LLC

Clarius Group LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,336 shares of the utilities provider’s stock after selling 195 shares during the period. Clarius Group LLC’s holdings in Entergy were worth $277,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $30,969,000. 111 Capital bought a new position in Entergy during the 2nd quarter worth $1,019,000. Segment Wealth Management LLC increased its position in Entergy by 17.2% in the second quarter. Segment Wealth Management LLC now owns 7,107 shares of the utilities provider’s stock worth $591,000 after buying an additional 1,045 shares during the period. Ascent Group LLC lifted its stake in Entergy by 0.8% in the second quarter. Ascent Group LLC now owns 40,129 shares of the utilities provider’s stock valued at $3,336,000 after buying an additional 315 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Entergy by 8.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,858 shares of the utilities provider’s stock valued at $2,565,000 after acquiring an additional 2,340 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ETR. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Scotiabank set a $105.00 price objective on Entergy and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley lowered their target price on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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 value of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $97.46 on Tuesday. The firm has a market capitalization of $43.51 billion, a PE ratio of 24.27, a P/E/G ratio of 2.60 and a beta of 0.62. 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 12 month low of $64.38 and a 12 month high of $98.58. The company’s 50 day simple moving average is $89.94 and its 200 day simple moving average is $85.38.

Entergy (NYSE:ETR) last issued 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 company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period last year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio 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.