30,761 Shares in Entergy Corporation $ETR Acquired by G&S Capital LLC

Key Points

• G&S Capital LLC acquired 30,761 shares of Entergy Corporation, valued at approximately $2.56 million, during the 2nd quarter.
• Several institutional investors, including Choreo LLC and Empowered Funds LLC, have increased their holdings in Entergy, with 88.07% of the stock owned by institutional investors.
• Entergy recently reported earnings of $1.05 per share, exceeding analysts' estimates, while also declaring a quarterly dividend of $0.60 per share.

G&S Capital LLC bought a new position in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 30,761 shares of the utilities provider's stock, valued at approximately $2,557,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Choreo LLC grew its holdings in Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock valued at $816,000 after buying an additional 1,042 shares in the last quarter. First American Trust FSB purchased a new stake in Entergy during the 1st quarter valued at approximately $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Entergy by 26.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider's stock valued at $8,219,000 after buying an additional 19,862 shares in the last quarter. Empowered Funds LLC grew its holdings in Entergy by 369.8% during the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider's stock valued at $7,352,000 after buying an additional 67,696 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Entergy during the 1st quarter valued at approximately $1,073,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent research reports. Barclays cut their target price 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. KeyCorp reissued an "overweight" rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Jefferies Financial Group began coverage on shares of Entergy in a report on Thursday, September 4th. They issued a "buy" rating and a $109.00 target price for the company. Morgan Stanley lowered their price target on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and an average target price of $89.80.

Entergy Trading Up 1.4%

Entergy stock opened at $93.55 on Tuesday. 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 firm has a market cap of $41.76 billion, a PE ratio of 23.30, a P/E/G ratio of 2.51 and a beta of 0.61. The stock's 50 day simple moving average is $89.27 and its two-hundred day simple moving average is $85.03. Entergy Corporation has a 12 month low of $64.38 and a 12 month high of $93.81.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a dividend of $0.60 per share. 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 (DPR) 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.

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