TD Private Client Wealth LLC Sells 6,923 Shares of Entergy Corporation $ETR
by Michael Walen · The Markets DailyTD Private Client Wealth LLC lessened its holdings in Entergy Corporation (NYSE:ETR – Free Report) by 10.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,335 shares of the utilities provider’s stock after selling 6,923 shares during the quarter. TD Private Client Wealth LLC’s holdings in Entergy were worth $5,623,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. boosted its position in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Capital A Wealth Management LLC raised its stake in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its stake in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy in the second quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Entergy in the second quarter worth $31,000. Institutional investors own 88.07% of the company’s stock.
Insiders Place Their Bets
In other news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,179 shares of company stock worth $981,707 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ETR. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. BTIG Research raised shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Argus set a $100.00 target price on shares of Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. TD Cowen began coverage on shares of Entergy in a research report on Friday. They set a “buy” rating and a $108.00 price target for the company. Finally, Evercore ISI boosted their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $103.19.
Read Our Latest Analysis on ETR
Entergy Stock Performance
Shares of ETR opened at $93.51 on Tuesday. The firm has a market capitalization of $41.76 billion, a P/E ratio of 23.09, a PEG ratio of 2.09 and a beta of 0.66. 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 business has a fifty day moving average of $93.98 and a 200 day moving average of $91.32. Entergy Corporation has a one year low of $75.04 and a one year high of $98.58.
Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio is presently 63.21%.
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.
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