Tema Etfs LLC Acquires Shares of 34,896 Entergy Corporation $ETR

Key Points

• Tema Etfs LLC acquired 34,896 shares of Entergy Corporation, valued at approximately $2.98 million, in the first quarter as reported in their 13F filing with the SEC.
• Entergy recently announced a quarterly dividend of $0.60 per share, slated for payment on September 2nd, which translates to an annualized dividend yield of 2.7%.
• Analysts give Entergy an average rating of "Moderate Buy" with a consensus price target of $88.50, reflecting confidence in the company's future performance.

Tema Etfs LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,896 shares of the utilities provider's stock, valued at approximately $2,983,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC acquired a new position in Entergy in the fourth quarter valued at about $30,000. Grove Bank & Trust grew its stake in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Entergy in the first quarter valued at about $32,000. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

Entergy Stock Down 0.0%

Shares of ETR stock traded down $0.02 on Monday, hitting $88.11. 1,705,122 shares of the stock were exchanged, compared to its average volume of 2,547,718. The business has a 50-day moving average of $86.60 and a 200 day moving average of $84.34. Entergy Corporation has a fifty-two week low of $59.05 and a fifty-two week high of $92.40. 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 capitalization of $39.33 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61.

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

Entergy Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on ETR shares. KeyCorp reissued an "overweight" rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Morgan Stanley set a $86.00 target price on Entergy and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.50.

Entergy Company 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.