Tounjian Advisory Partners LLC Reduces Stake in Entergy Corporation $ETR

Tounjian Advisory Partners LLC lowered its stake in Entergy Corporation (NYSE:ETR) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,414 shares of the utilities provider’s stock after selling 236 shares during the period. Tounjian Advisory Partners LLC’s holdings in Entergy were worth $1,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares in the last quarter. Ameriprise Financial Inc. grew its position in Entergy by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock worth $1,126,244,000 after acquiring an additional 289,468 shares in the last quarter. Northern Trust Corp grew its position in Entergy by 3.4% in the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock worth $370,488,000 after acquiring an additional 143,187 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Entergy by 15.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock worth $284,380,000 after acquiring an additional 454,059 shares in the last quarter. Finally, Boston Partners grew its position in Entergy by 0.4% in the first quarter. Boston Partners now owns 3,229,814 shares of the utilities provider’s stock worth $276,101,000 after acquiring an additional 14,068 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $88.27 on Wednesday. The firm’s fifty day simple moving average is $88.08 and its two-hundred day simple moving average is $84.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $63.18 and a 12-month high of $92.40. The firm has a market capitalization of $39.40 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.45 and a beta of 0.61.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s payout ratio is currently 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETR. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Barclays decreased their price objective on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Morgan Stanley set a $86.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.87.

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.