Entergy Corporation $ETR Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Entergy Corporation (NYSE:ETR) by 91.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,189 shares of the utilities provider’s stock after selling 191,735 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Entergy were worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. Vanguard Group Inc. grew its position in Entergy by 3.0% during the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after acquiring an additional 1,630,674 shares during the period. State Street Corp lifted its stake in shares of Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after purchasing an additional 981,750 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Entergy by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after purchasing an additional 479,093 shares during the period. Geode Capital Management LLC increased its position in Entergy by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after purchasing an additional 505,344 shares in the last quarter. Finally, Boston Partners increased its position in Entergy by 114.9% during the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after purchasing an additional 3,710,814 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ETR. Citigroup boosted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. UBS Group reaffirmed a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Barclays set a $100.00 price target on Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Argus set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.19.

Entergy Stock Performance

Entergy stock opened at $93.56 on Monday. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. 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 company has a market capitalization of $41.78 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The firm’s fifty day moving average price is $94.05 and its 200 day moving average price is $91.24.

Entergy (NYSE:ETR) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $2.37 billion during the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the acquisition, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,179 shares of company stock valued at $981,707 in the last three months. Corporate insiders own 0.39% of the company’s stock.

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.