AlphaQuest LLC Invests $330,000 in Entergy Corporation $ETR

Key Points

• AlphaQuest LLC invested approximately $330,000 in Entergy Corporation by purchasing 3,865 shares in the first quarter, highlighting strong interest from institutional investors in the company.
• Company insiders have been active with sales, including insider Haley Fisackerly, who sold 4,463 shares for $403,901.50, representing a significant decrease in their position by 57.36%.
• Multiple analyst ratings show an overall positive outlook for Entergy, with a mix of upgraded and lowered price targets, and 11 out of 15 analysts rating the stock as a Buy.

AlphaQuest LLC bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,865 shares of the utilities provider's stock, valued at approximately $330,000.

A number of other institutional investors also recently modified their holdings of ETR. Allstate Corp raised its position in Entergy by 19.3% in the 1st quarter. Allstate Corp now owns 15,384 shares of the utilities provider's stock valued at $1,315,000 after buying an additional 2,488 shares during the last quarter. Compound Planning Inc. raised its position in Entergy by 71.7% in the 1st quarter. Compound Planning Inc. now owns 5,686 shares of the utilities provider's stock valued at $486,000 after buying an additional 2,375 shares during the last quarter. Ameriprise Financial Inc. raised its position in Entergy by 2.2% in the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock valued at $1,126,244,000 after buying an additional 289,468 shares during the last quarter. Norinchukin Bank The raised its position in Entergy by 12.4% in the 1st quarter. Norinchukin Bank The now owns 18,887 shares of the utilities provider's stock valued at $1,615,000 after buying an additional 2,087 shares during the last quarter. Finally, Monashee Investment Management LLC purchased a new stake in Entergy in the 1st quarter valued at $12,824,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ETR. Barclays lowered their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. BMO Capital Markets increased their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased 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. KeyCorp reaffirmed an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.50.

Entergy Trading Down 0.0%

NYSE ETR opened at $89.56 on Thursday. The stock has a market capitalization of $39.98 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.44 and a beta of 0.57. Entergy Corporation has a one year low of $59.05 and a one year high of $92.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The business's fifty day moving average is $86.31 and its 200-day moving average is $84.23.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations 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 business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.60 dividend. 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 (DPR) is 59.85%.

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.

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