Greenleaf Trust Sells 1,455 Shares of Entergy Corporation $ETR

Greenleaf Trust cut its position in shares of Entergy Corporation (NYSE:ETR) by 13.7% during the 2nd quarter, Holdings Channel reports. The firm owned 9,164 shares of the utilities provider’s stock after selling 1,455 shares during the quarter. Greenleaf Trust’s holdings in Entergy were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. G&S Capital LLC bought a new stake in shares of Entergy in the 2nd quarter valued at about $2,557,000. HB Wealth Management LLC raised its holdings in shares of Entergy by 15.2% in the 2nd quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 2,932 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Entergy by 10.3% in the 2nd quarter. V Square Quantitative Management LLC now owns 4,553 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 426 shares during the period. LVW Advisors LLC raised its holdings in shares of Entergy by 25.6% in the 2nd quarter. LVW Advisors LLC now owns 9,637 shares of the utilities provider’s stock valued at $801,000 after purchasing an additional 1,966 shares during the period. Finally, Diversified Enterprises LLC bought a new stake in shares of Entergy in the 2nd quarter valued at about $312,000. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the 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 owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Jefferies Financial Group began 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. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Barclays reduced their target price on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.80.

Entergy Stock Performance

Shares of NYSE:ETR opened at $93.55 on Friday. The company’s 50 day moving average price is $89.58 and its two-hundred day moving average price is $85.19. Entergy Corporation has a 12-month low of $64.38 and a 12-month high of $94.31. The firm has a market cap of $41.76 billion, a PE ratio of 23.30, a PEG ratio of 2.54 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

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

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

About Entergy

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.