21,293 Shares in Entergy Corporation $ETR Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 21,293 shares of Entergy Corporation, valued at approximately $1.82 million, during the first quarter of the year.
• Entergy reported a quarterly earnings per share (EPS) of $1.05, exceeding the consensus estimate by $0.14, despite revenue being below analyst expectations at $3.02 billion.
• The company declared a quarterly dividend of $0.60 per share, which represents an annualized dividend yield of 2.7%.

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,293 shares of the utilities provider's stock, valued at approximately $1,820,000.

A number of other hedge funds have also bought and sold shares of the company. Acropolis Investment Management LLC boosted its stake in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after purchasing an additional 129 shares during the period. Gen Wealth Partners Inc boosted its stake in shares of Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Entergy by 18.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 165 shares during the period. Horizon Investments LLC boosted its stake in shares of Entergy by 1.8% during the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after purchasing an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC boosted its stake in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

Entergy Stock Down 0.0%

Shares of ETR stock traded down $0.02 during mid-day trading on Friday, hitting $88.11. 1,705,122 shares of the stock traded hands, compared to its average volume of 3,506,661. The stock has a market cap of $39.33 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.44 and a beta of 0.57. The stock's fifty day moving average is $86.45 and its two-hundred day moving average is $84.28. Entergy Corporation has a 52-week low of $59.05 and a 52-week high of $92.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company an "outperform" rating in a research note on Thursday, August 21st. Barclays lowered their target price 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. 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. Finally, Raymond James Financial started coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

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.