GTS Securities LLC Reduces Holdings in Entergy Corporation $ETR

GTS Securities LLC trimmed its stake in shares of Entergy Corporation (NYSE:ETR) by 76.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,744 shares of the utilities provider’s stock after selling 5,749 shares during the quarter. GTS Securities LLC’s holdings in Entergy were worth $200,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Washington Trust Advisors Inc. increased its stake in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the period. Union Savings Bank purchased a new stake in Entergy during the 4th quarter valued at $28,000. Bell Investment Advisors Inc purchased a new stake in Entergy during the 2nd quarter valued at $28,000. Fairway Wealth LLC bought a new stake in Entergy in the 1st quarter worth $30,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Entergy in the 1st quarter worth $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Entergy Stock Up 0.7%

Entergy stock opened at $106.49 on Tuesday. The firm has a market cap of $49.69 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.81 and a beta of 0.50. The stock has a fifty day simple moving average of $110.94 and a two-hundred day simple moving average of $110.02. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

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

Entergy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a report on Friday, August 21st. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Finally, Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Entergy 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.