Wealth Enhancement Advisory Services LLC Decreases Stock Position in Entergy Corporation $ETR

Wealth Enhancement Advisory Services LLC lessened its position in shares of Entergy Corporation (NYSE:ETR) by 44.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the last quarter. Woodline Partners LP boosted its position in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the period. Dakota Wealth Management purchased a new position in Entergy during the second quarter valued at approximately $368,000. Hartford Investment Management Co. increased its holdings in Entergy by 2.7% during the 2nd quarter. Hartford Investment Management Co. now owns 27,007 shares of the utilities provider’s stock worth $2,245,000 after acquiring an additional 719 shares during the period. Finally, ORG Partners LLC lifted its stake in Entergy by 51.9% in the 2nd quarter. ORG Partners LLC now owns 1,434 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 7,899 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 10,179 shares of company stock worth $981,707. Company insiders own 0.47% of the company’s stock.

Entergy Trading Down 0.4%

NYSE ETR opened at $93.21 on Monday. The stock has a 50-day moving average of $93.78 and a 200-day moving average of $92.15. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 1-year low of $75.55 and a 1-year high of $98.58. The firm 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 (NYSE:ETR) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current 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 paid a dividend of $0.64 per share. 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. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s payout ratio is currently 63.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETR. Wall Street Zen upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. cut their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. BTIG Research raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Barclays set a $96.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Siebert Williams Shank started coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $103.87.

Entergy Company 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.