Prossimo Advisors LLC Decreases Stock Holdings in Entergy Corporation $ETR

Prossimo Advisors LLC lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 72.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,232 shares of the utilities provider’s stock after selling 8,650 shares during the period. Entergy makes up approximately 2.2% of Prossimo Advisors LLC’s holdings, making the stock its 14th biggest position. Prossimo Advisors LLC’s holdings in Entergy were worth $301,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ETR. Capital A Wealth Management LLC lifted its position in 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 purchasing an additional 328 shares during the period. GoalVest Advisory LLC boosted its stake in shares of Entergy by 5,733.3% in the 2nd 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 last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Entergy in the second quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in Entergy during the second quarter valued at $31,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in Entergy by 105.6% in the second quarter. Brown Lisle Cummings Inc. now owns 518 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 266 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.7%

Shares of ETR opened at $95.07 on Thursday. 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 has a market cap of $42.46 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. The company has a 50 day simple moving average of $93.92 and a two-hundred day simple moving average of $91.43. Entergy Corporation has a 1 year low of $75.55 and a 1 year high of $98.58.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on ETR. Mizuho boosted their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Barclays set a $96.00 target price on shares of Entergy in a report on Thursday. Evercore ISI lifted their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Morgan Stanley set a $91.00 price objective on shares of Entergy in a research report on Thursday, November 20th. Finally, Bank of America lifted their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $102.97.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy 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 completion of the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,179 shares of company stock valued at $981,707 in the last three months. Corporate insiders own 0.39% of the company’s stock.

Entergy Profile

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.