Y Intercept Hong Kong Ltd Sells 17,925 Shares of Entergy Corporation $ETR

Y Intercept Hong Kong Ltd lessened its holdings in Entergy Corporation (NYSE:ETR) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other hedge funds have also recently bought and sold shares of ETR. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the last quarter. GoalVest Advisory LLC increased its holdings in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Entergy in the 2nd quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the 2nd quarter valued at approximately $31,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in Entergy by 105.6% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 518 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 266 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ETR. Wells Fargo & Company increased their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 target price (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Barclays set a $96.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Finally, Mizuho raised their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.87.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by corporate insiders.

Entergy Price Performance

Shares of Entergy stock 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 company 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. The firm has a fifty day moving average price of $93.78 and a two-hundred day moving average price of $92.15. Entergy Corporation has a fifty-two week low of $75.55 and a fifty-two week high of $98.58.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 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 analyst estimates of $3.58 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Analysts expect 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. Shareholders of record on Thursday, November 13th were given a $0.64 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is 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.