Wealth Enhancement Advisory Services LLC Sells 48,513 Shares of Entergy Corporation $ETR

Wealth Enhancement Advisory Services LLC lowered its position in Entergy Corporation (NYSE:ETR) by 44.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,607 shares of the utilities provider’s stock after selling 48,513 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Entergy were worth $5,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. grew its stake in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after buying an additional 118 shares in the last quarter. CW Advisors LLC grew its position in shares of Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares during the period. Virtus Investment Advisers LLC increased its stake in shares of Entergy by 6.2% in the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 124 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Entergy by 1.7% during the 3rd quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction 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 acquisition, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. This represents a 2,000.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,179 shares of company stock valued at $981,707 in the last 90 days. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ETR shares. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Thursday. KeyCorp set a $102.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. UBS Group restated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.87.

Entergy Stock Performance

Shares of NYSE ETR opened at $93.21 on Monday. The stock has a market cap of $41.63 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66. Entergy Corporation has a 1 year low of $75.55 and a 1 year high of $98.58. The firm has a fifty day moving average price of $93.78 and a 200-day moving average price of $92.15. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS 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 for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the firm earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This is a boost 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%.

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.