Trivium Point Advisory LLC Has $1.43 Million Stock Holdings in Entergy Corporation $ETR

Trivium Point Advisory LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,243 shares of the utilities provider’s stock after selling 369 shares during the period. Trivium Point Advisory LLC’s holdings in Entergy were worth $1,433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. My Legacy Advisors LLC grew its holdings in Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after acquiring an additional 128 shares during the period. Acropolis Investment Management LLC grew its holdings in Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after acquiring an additional 129 shares during the period. Mattson Financial Services LLC grew its holdings in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 150 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 165 shares during the period. Finally, Horizon Investments LLC grew its holdings in Entergy by 1.8% during the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock worth $854,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on ETR shares. Mizuho set a $97.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, July 31st. Barclays decreased their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Jefferies Financial Group started coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Finally, KeyCorp reissued an “overweight” rating and issued a $96.00 price target (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.80.

Entergy Price Performance

Shares of NYSE ETR opened at $93.18 on Wednesday. The firm has a market cap of $41.60 billion, a PE ratio of 23.21, a PEG ratio of 2.54 and a beta of 0.61. 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 1-year low of $64.38 and a 1-year high of $93.92. The company has a fifty day moving average price of $89.37 and a 200 day moving average price of $85.08.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Entergy Profile

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.