6,526 Shares in Entergy Corporation $ETR Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 6,526 shares of Entergy Corporation, valued at approximately $558,000, indicating increasing institutional interest in the utility stock.
• Entergy reported earnings of $1.05 per share for the last quarter, surpassing estimates, with a revenue of $3.02 billion, which fell short of analysts' expectations of $3.11 billion.
• The company announced a quarterly dividend of $0.60 per share, reflecting a 2.7% yield, with a payout ratio of 59.85%.

Caxton Associates LLP bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,526 shares of the utilities provider's stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy in the 1st quarter valued at about $28,000. Grove Bank & Trust raised its position in Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Glen Eagle Advisors LLC raised its position in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Entergy during the 1st quarter worth about $32,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Entergy during the fourth quarter worth approximately $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction that occurred on 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 owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. 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. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. KeyCorp reiterated an "overweight" rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Jefferies Financial Group assumed coverage on Entergy in a research note on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective for the company. Finally, Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.87.

Entergy Stock Performance

Shares of Entergy stock traded up $0.46 during trading hours on Friday, hitting $90.32. 2,082,846 shares of the company were exchanged, compared to its average volume of 2,388,549. Entergy Corporation has a 1 year low of $62.31 and a 1 year high of $92.40. 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 business has a 50-day moving average of $87.76 and a 200-day moving average of $84.54. The stock has a market capitalization of $40.32 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.44 and a beta of 0.61.

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

Entergy Announces Dividend

The business 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. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio is 59.85%.

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.