Entergy Corporation $ETR Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Entergy Corporation (NYSE:ETR) by 52.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,537 shares of the utilities provider’s stock after selling 41,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Entergy were worth $3,498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ETR. Atwood & Palmer Inc. lifted its position in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. GoalVest Advisory LLC boosted its position in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new position in Entergy in the 2nd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in Entergy in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. Morgan Stanley set a $91.00 price target on shares of Entergy in a research note on Thursday, November 20th. Finally, Evercore ISI boosted their target price on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.19.

Insider Activity

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,179 shares of company stock valued at $981,707 over the last three months. Insiders own 0.47% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $93.51 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The firm’s 50 day moving average is $93.98 and its 200-day moving average is $91.32. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. The stock has a market capitalization of $41.76 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.09 and a beta of 0.66.

Entergy (NYSE:ETR) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The firm had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis 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 presently 63.21%.

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.