Y Intercept Hong Kong Ltd Has $3.92 Million Stock Holdings in Entergy Corporation $ETR

Y Intercept Hong Kong Ltd trimmed its stake in shares of Entergy Corporation (NYSE:ETR) by 29.9% during the third quarter, Holdings Channel reports. The firm owned 42,056 shares of the utilities provider’s stock after selling 17,925 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Entergy were worth $3,919,000 at the end of the most recent reporting period.

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

Entergy Price Performance

ETR opened at $93.21 on Monday. 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 stock has a market capitalization of $41.63 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66. The company’s 50 day simple moving average is $93.78 and its 200-day simple moving average is $92.15. Entergy Corporation has a one year low of $75.55 and a one year high of $98.58.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter in the prior year, the business earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. 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. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is presently 63.21%.

Insider Buying and Selling

In other Entergy news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,179 shares of company stock valued at $981,707 over the last ninety days. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Mizuho upped their price objective on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup raised their price target on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.87.

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.