Alyeska Investment Group L.P. Grows Stock Position in Entergy Corporation $ETR

Key Points

• Alyeska Investment Group L.P. increased its stake in Entergy Corporation by 32.8% during the first quarter, acquiring an additional 22,051 shares, bringing its total holdings to 89,227 shares valued at $7,628,000.
• Multiple large investors, including Brighton Jones LLC and Baird Financial Group Inc., have substantially increased their stakes in Entergy, reflecting a growing institutional interest in the stock.
• Entergy announced a quarterly dividend of $0.60 per share, which represents an annualized dividend of $2.40 and a yield of 2.7%, with a payout ratio of 59.85%.

Alyeska Investment Group L.P. boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 32.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,227 shares of the utilities provider's stock after purchasing an additional 22,051 shares during the period. Alyeska Investment Group L.P.'s holdings in Entergy were worth $7,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Entergy by 110.9% in the 4th quarter. Baird Financial Group Inc. now owns 64,165 shares of the utilities provider's stock worth $4,865,000 after buying an additional 33,745 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in Entergy during the fourth quarter valued at approximately $844,000. Captrust Financial Advisors lifted its position in Entergy by 93.6% in the fourth quarter. Captrust Financial Advisors now owns 66,256 shares of the utilities provider's stock worth $5,024,000 after buying an additional 32,035 shares during the last quarter. Finally, BOKF NA boosted its stake in shares of Entergy by 98.1% during the 4th quarter. BOKF NA now owns 4,046 shares of the utilities provider's stock worth $308,000 after purchasing an additional 2,004 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 1.5%

NYSE ETR traded up $1.27 on Wednesday, reaching $88.28. 1,412,743 shares of the company were exchanged, compared to its average volume of 3,452,847. 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 stock has a market capitalization of $39.41 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.61. The business's fifty day moving average price is $87.30 and its 200 day moving average price is $84.45. Entergy Corporation has a fifty-two week low of $60.00 and a fifty-two week high of $92.40.

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, topping the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter in the prior year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the company's 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 owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several research reports. KeyCorp restated an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. 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 note on Thursday, August 21st. Jefferies Financial Group started coverage on shares of Entergy in a report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price target for the company. Finally, Mizuho set a $97.00 price objective on shares of Entergy and gave the company 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.87.

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.