BTG Pactual Asset Management US LLC Acquires Shares of 54,588 Entergy Corporation $ETR

Key Points

• BTG Pactual Asset Management US LLC acquired 54,588 Entergy shares worth approximately $6.27 million during the second quarter, while institutional investors collectively own 88.07% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy and three Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $120.84.
• Entergy exceeded quarterly earnings and revenue expectations, reported $1.03 in EPS and $3.52 billion in revenue, and declared a quarterly dividend of $0.64 per share, representing a 2.4% annualized yield.

BTG Pactual Asset Management US LLC bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,588 shares of the utilities provider's stock, valued at approximately $6,270,000.

A number of other institutional investors have also modified their holdings of ETR. Sigma Planning Corp raised its position in Entergy by 5.3% in the 2nd quarter. Sigma Planning Corp now owns 5,150 shares of the utilities provider's stock valued at $591,000 after purchasing an additional 257 shares during the last quarter. Benjamin Edwards Inc. grew its position in Entergy by 13.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 75,564 shares of the utilities provider's stock worth $8,679,000 after purchasing an additional 8,692 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Entergy by 18.2% in the second quarter. Alyeska Investment Group L.P. now owns 209,910 shares of the utilities provider's stock valued at $24,110,000 after purchasing an additional 32,262 shares during the period. Cookson Peirce & Co. Inc. increased its stake in Entergy by 11.5% in the second quarter. Cookson Peirce & Co. Inc. now owns 22,561 shares of the utilities provider's stock valued at $2,591,000 after purchasing an additional 2,325 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Entergy by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,535 shares of the utilities provider's stock valued at $3,392,000 after buying an additional 254 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETR. Evercore reiterated an "outperform" rating and set a $128.00 target price on shares of Entergy in a research note on Monday, August 17th. Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Mizuho set a $122.00 price objective on Entergy and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Truist Financial set a $122.00 target price on Entergy and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Scotiabank reissued a "sector outperform" rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.84.

Entergy Stock Performance

NYSE:ETR opened at $105.77 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The firm's fifty day simple moving average is $111.05 and its 200-day simple moving average is $109.98. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The stock has a market cap of $49.36 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy's dividend payout ratio is presently 65.64%.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares of the company's stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company's stock.

Entergy Profile

Entergy Corporation NYSE: ETR is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company's operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy's generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source