AAFMAA Wealth Management & Trust LLC Purchases 2,923 Shares of Entergy Corporation $ETR

Key Points

• AAFMAA Wealth Management & Trust LLC increased its holdings in Entergy Corporation by 17.2%, acquiring an additional 2,923 shares, bringing its total to 19,918 shares valued at approximately $1.656 million.
• Entergy recently reported $1.05 earnings per share for the last quarter, exceeding analyst expectations, while also setting a full-year guidance of 3.750-3.95 EPS for FY 2025.
• The company declared a quarterly dividend of $0.60 per share, representing an annual yield of 2.7%, with a current dividend payout ratio of 59.85%.

AAFMAA Wealth Management & Trust LLC lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,918 shares of the utilities provider's stock after acquiring an additional 2,923 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Entergy were worth $1,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ETR. TD Asset Management Inc grew its holdings in shares of Entergy by 964.8% during the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after purchasing an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 period. Alkeon Capital Management LLC bought a new stake in Entergy during the 1st quarter worth approximately $194,429,000. Nuveen LLC acquired a new position in Entergy in the 1st quarter valued at approximately $123,648,000. Finally, GAMMA Investing LLC increased its position in Entergy by 9,289.4% in the 1st quarter. GAMMA Investing LLC now owns 1,327,660 shares of the utilities provider's stock valued at $113,502,000 after acquiring an additional 1,313,520 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Down 1.5%

Shares of Entergy stock opened at $90.26 on Friday. The stock's 50-day moving average is $89.03 and its 200 day moving average is $84.87. Entergy Corporation has a one year low of $64.38 and a one year high of $92.40. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.49 and a beta of 0.61. 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 issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm 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 period in the previous year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Analyst Ratings Changes

A number of brokerages have recently commented on ETR. KeyCorp reiterated an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley decreased their price target on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday. Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They set a "buy" rating and a $109.00 price objective for the company. Finally, Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.80.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction 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 sale, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company's stock.

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.

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