Bayforest Capital Ltd Has $301,000 Holdings in Entergy Corporation $ETR

Key Points

• Bayforest Capital Ltd has significantly increased its stake in Entergy Corporation by 1,707.7%, acquiring a total of 3,525 shares valued at $301,000.
• Insider Haley Fisackerly sold 4,463 shares of Entergy at an average price of $90.50, decreasing their ownership by 57.36%, leaving them with shares worth approximately $300,279.
• Entergy reported $1.05 earnings per share (EPS) for the last quarter, beating estimates, and has announced a quarterly dividend of $0.60 per share.

Bayforest Capital Ltd lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 1,707.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,525 shares of the utilities provider's stock after buying an additional 3,330 shares during the quarter. Bayforest Capital Ltd's holdings in Entergy were worth $301,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ETR. Glen Eagle Advisors LLC increased its position in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entergy during the first quarter worth $28,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Entergy during the fourth quarter worth $30,000. Grove Bank & Trust grew its holdings in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after purchasing an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Entergy in the first quarter worth $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. 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. KeyCorp restated an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial assumed coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.87.

Entergy Stock Up 1.6%

Shares of NYSE ETR opened at $88.44 on Thursday. The stock has a market capitalization of $39.48 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.37 and a beta of 0.61. The company has a 50-day moving average price of $87.44 and a 200-day moving average price of $84.48. Entergy Corporation has a 1 year low of $60.00 and a 1 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.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion during 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 period last year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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