Divergent Planning LLC Invests $519,000 in Entergy Corporation $ETR

Key Points

• Divergent Planning LLC acquired 6,249 shares of Entergy Corporation valued at approximately $519,000 during the second quarter of the year.
• Following recent earnings results, Entergy reported an EPS of $1.05, surpassing analysts' expectations of $0.91, but fell short in revenue at $3.02 billion against forecasts of $3.11 billion.
• Entergy declared a quarterly dividend of $0.60, representing an annualized dividend of $2.40 and a yield of 2.7%, with insiders owning 0.47% of the company's stock.

Divergent Planning LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,249 shares of the utilities provider's stock, valued at approximately $519,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC raised its position in shares of Entergy by 0.7% in the 1st 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 in the last quarter. Mattson Financial Services LLC raised its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Entergy by 18.6% in the 1st 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 in the last quarter. Horizon Investments LLC raised its position in shares of Entergy by 1.8% in the 1st 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 in the last quarter. Finally, Glen Eagle Advisors LLC raised its position in shares of Entergy by 100.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

ETR has been the topic of several research reports. KeyCorp reissued an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley set a $86.00 price target on Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Mizuho set a $97.00 price objective on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $89.87.

Entergy Stock Up 1.0%

Shares of ETR traded up $0.84 during midday trading on Friday, reaching $88.67. 4,786,567 shares of the stock were exchanged, compared to its average volume of 2,318,942. Entergy Corporation has a 12-month low of $63.95 and a 12-month high of $92.40. The firm has a 50 day simple moving average of $88.46 and a 200-day simple moving average of $84.63. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.41 and a beta of 0.61.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy's dividend payout ratio is currently 59.85%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.39% of the company's stock.

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.