Newport Trust Company LLC Sells 80,372 Shares of Entergy Corporation $ETR

Newport Trust Company LLC decreased its holdings in Entergy Corporation (NYSE:ETR) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,385,355 shares of the utilities provider’s stock after selling 80,372 shares during the period. Entergy comprises approximately 1.1% of Newport Trust Company LLC’s holdings, making the stock its 18th largest holding. Newport Trust Company LLC’s holdings in Entergy were worth $501,861,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions 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 purchasing an additional 22,148 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Entergy by 15.2% in the 2nd quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock worth $1,851,000 after buying an additional 2,932 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after buying an additional 7,212 shares during the period. World Investment Advisors grew its position in shares of Entergy by 269.9% during the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after buying an additional 16,332 shares in the last quarter. Finally, Elite Wealth Management Inc. purchased a new position in shares of Entergy during the third quarter valued at $1,127,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the firm’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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is currently owned by corporate insiders.

Entergy Trading Down 0.4%

NYSE:ETR opened at $93.21 on Friday. The stock has a market capitalization of $41.63 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.08 and a beta of 0.66. Entergy Corporation has a 52 week low of $75.55 and a 52 week high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $93.78 and a 200 day moving average of $92.07.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the company earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share 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 paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is 63.21%.

Analysts Set New Price Targets

ETR has been the subject of a number of research reports. Barclays set a $96.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Friday. Bank of America upped their target price on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Citigroup increased their target price on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $103.87.

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.