Nishkama Capital LLC Makes New $19.35 Million Investment in Entergy Corporation $ETR

Key Points

• Nishkama Capital LLC has acquired 226,333 shares of Entergy Corporation, valued at approximately $19.35 million, making it the firm’s 7th largest holding.
• Entergy recently reported quarterly earnings of $1.05 EPS, beating the consensus estimate of $0.91, while its revenue fell short of expectations at $3.02 billion.
• The company has declared a quarterly dividend of $0.60, representing a yield of 2.7%, with an ex-dividend date set for August 13th.

Nishkama Capital LLC purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 226,333 shares of the utilities provider's stock, valued at approximately $19,349,000. Entergy accounts for about 2.1% of Nishkama Capital LLC's portfolio, making the stock its 7th largest position. Nishkama Capital LLC owned 0.05% of Entergy as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after purchasing an additional 5,368,396 shares during the period. Millennium Management LLC lifted its stake in shares of Entergy by 474.0% during the 4th quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider's stock worth $293,953,000 after purchasing an additional 3,201,530 shares during the period. TD Asset Management Inc increased its holdings in shares of Entergy by 964.8% during the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after buying an additional 2,768,734 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after buying an additional 2,695,348 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

NYSE ETR traded down $0.04 during trading hours on Wednesday, reaching $89.56. The company's stock had a trading volume of 1,632,192 shares, compared to its average volume of 2,664,014. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The business has a 50-day simple moving average of $86.31 and a 200 day simple moving average of $84.23. Entergy Corporation has a 52 week low of $59.05 and a 52 week high of $92.40. The stock has a market cap of $39.98 billion, a PE ratio of 22.31, a PEG ratio of 2.44 and a beta of 0.57.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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 paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy 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 transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. KeyCorp reissued an "overweight" rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Barclays reduced their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets increased their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus price target 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.