Entergy Corporation $ETR Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 0.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,749,170 shares of the utilities provider’s stock after selling 9,649 shares during the period. Dimensional Fund Advisors LP’s holdings in Entergy were worth $149,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC grew its position in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after acquiring an additional 129 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 165 shares during the last quarter. Horizon Investments LLC increased its stake in shares of Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after purchasing an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC increased its stake in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 180 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ETR shares. JPMorgan Chase & Co. boosted their price objective on Entergy from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Barclays reduced their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.07.

Entergy Stock Up 1.1%

ETR opened at $89.8290 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The company has a market capitalization of $40.10 billion, a PE ratio of 22.37, a P/E/G ratio of 2.42 and a beta of 0.57. The stock’s fifty day moving average is $85.54 and its 200-day moving average is $83.99. Entergy Corporation has a one year low of $59.05 and a one year high of $92.40.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy’s payout ratio is presently 59.85%.

About Entergy

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.