Cohen Investment Advisors LLC Cuts Stake in Entergy Corporation $ETR

Cohen Investment Advisors LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Choreo LLC increased its position in Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 1,042 shares in the last quarter. First American Trust FSB acquired a new stake in Entergy during the 1st quarter worth approximately $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Entergy by 26.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after purchasing an additional 19,862 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Entergy during the 1st quarter worth approximately $32,658,000. Finally, Empowered Funds LLC increased its position in Entergy by 369.8% during the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after purchasing an additional 67,696 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was 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 trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ETR shares. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. Morgan Stanley lowered their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Jefferies Financial Group started coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Finally, Evercore ISI set a $98.00 price objective on shares of Entergy and gave the company an “in-line” rating in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Entergy Stock Performance

Entergy stock opened at $96.70 on Thursday. The stock has a market cap of $43.17 billion, a P/E 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 stock has a 50 day moving average of $90.24 and a 200-day moving average of $85.53. Entergy Corporation has a 52 week low of $64.38 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The company 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 quarter last year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 yield of 2.5%. Entergy’s dividend payout ratio (DPR) is 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.