Integrated Wealth Concepts LLC Cuts Stock Position in Entergy Corporation $ETR

Integrated Wealth Concepts LLC cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,237 shares of the utilities provider’s stock after selling 736 shares during the period. Integrated Wealth Concepts LLC’s holdings in Entergy were worth $1,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Choreo LLC increased its stake in Entergy by 12.3% during the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 1,042 shares during the period. First American Trust FSB purchased a new stake in Entergy during the first quarter worth about $3,896,000. J.W. Cole Advisors Inc. purchased a new stake in Entergy during the first quarter worth about $1,073,000. EverSource Wealth Advisors LLC increased its stake in Entergy by 24.6% during the first quarter. EverSource Wealth Advisors LLC now owns 6,390 shares of the utilities provider’s stock worth $546,000 after purchasing an additional 1,261 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Entergy by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider’s stock worth $6,708,000 after purchasing an additional 15,892 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of Entergy stock opened at $88.44 on Thursday. The firm has a market capitalization of $39.48 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.37 and a beta of 0.61. Entergy Corporation has a 52 week low of $60.00 and a 52 week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $87.44 and its two-hundred day moving average is $84.48.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the prior year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy’s dividend payout ratio (DPR) is 59.85%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ETR shares. JPMorgan Chase & Co. raised their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Barclays reduced their target price on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Jefferies Financial Group started coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $89.87.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.