Entergy Corporation $ETR Stock Holdings Lessened by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL cut its stake in shares of Entergy Corporation (NYSE:ETR) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 725,026 shares of the utilities provider’s stock after selling 5,676 shares during the quarter. Entergy accounts for approximately 1.5% of Vaughan David Investments LLC IL’s portfolio, making the stock its 9th biggest position. Vaughan David Investments LLC IL’s holdings in Entergy were worth $67,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its holdings in shares of Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after acquiring an additional 22,148 shares in the last quarter. HB Wealth Management LLC lifted its position in Entergy by 15.2% in the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 2,932 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Entergy by 13.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after purchasing an additional 7,212 shares during the period. World Investment Advisors boosted its holdings in Entergy by 269.9% in the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 16,332 shares in the last quarter. Finally, Elite Wealth Management Inc. acquired a new position in Entergy during the 3rd quarter worth approximately $1,127,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.8%

ETR opened at $96.48 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The company has a market cap of $43.09 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.15 and a beta of 0.66. Entergy Corporation has a one year low of $75.55 and a one year high of $98.58. The business’s fifty day moving average is $93.89 and its two-hundred day moving average is $91.79.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the business posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $104.00 target price (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Evercore ISI increased their price objective on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. TD Cowen began coverage on Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 target price for the company. Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Bank of America increased their price target on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.29.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This represents a 39.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the acquisition, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

About Entergy

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.