Calton & Associates Inc. Takes $326,000 Position in Entergy Corporation $ETR

Key Points

• Calton & Associates Inc. purchased 3,812 shares of Entergy Corporation, valued at approximately $326,000, according to a recent SEC filing.
• Institutional investors own 88.07% of Entergy's stock, indicating strong institutional confidence in the company.
• Entergy declared a quarterly dividend of $0.60, with an annualized dividend yield of 2.7%, reflecting a payout ratio of 59.85%.

Calton & Associates Inc. bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,812 shares of the utilities provider's stock, valued at approximately $326,000.

Several other large investors have also bought and sold shares of the company. Acropolis Investment Management LLC boosted its stake in Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after buying an additional 129 shares in the last quarter. Gen Wealth Partners Inc boosted its stake in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after buying an additional 144 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Entergy by 18.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after buying an additional 165 shares in the last quarter. Horizon Investments LLC boosted its stake in Entergy by 1.8% during the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after buying an additional 176 shares in the last quarter. Finally, Glen Eagle Advisors LLC boosted its stake in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.3%

Entergy stock traded down $0.26 during mid-day trading on Wednesday, hitting $87.15. The company's stock had a trading volume of 1,545,410 shares, compared to its average volume of 2,372,229. The firm's 50 day moving average is $86.91 and its 200 day moving average is $84.41. The company has a market cap of $38.90 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.40 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 Corporation has a 52-week low of $60.00 and a 52-week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. Entergy's dividend payout ratio (DPR) is 59.85%.

Analysts Set New Price Targets

Several brokerages have recently commented on ETR. Morgan Stanley set a $86.00 target price on Entergy and gave the company an "outperform" rating in a 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 report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Barclays reduced their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $88.50.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Entergy 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.