GTS Securities LLC Sells 5,749 Shares of Entergy Corporation $ETR

GTS Securities LLC lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 76.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,744 shares of the utilities provider’s stock after selling 5,749 shares during the period. GTS Securities LLC’s holdings in Entergy were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ETR. Callan Family Office LLC purchased a new position in shares of Entergy in the second quarter worth about $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after buying an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after buying an additional 27,868 shares in the last quarter. World Investment Advisors boosted its holdings in Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after buying an additional 38,195 shares during the period. Finally, Truist Financial Corp boosted its holdings in Entergy by 9.0% in the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after buying an additional 200,783 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $106.49 on Tuesday. The company’s fifty day moving average price is $110.94 and its 200-day moving average price is $110.02. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm has a market capitalization of $49.69 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.81 and a beta of 0.50. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on ETR shares. Evercore restated an “outperform” rating and set a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.84.

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.