CHURCHILL MANAGEMENT Corp Grows Stock Position in Entergy Corporation $ETR

Key Points

• CHURCHILL MANAGEMENT Corp increased its stake in Entergy Corporation by 9.8% in the second quarter, owning 82,535 shares valued at approximately $6.86 million.
• Recent analyst ratings for Entergy include a buy rating from Jefferies with a price target of $109, while Mizuho set a target at $97, reflecting a generally optimistic outlook.
• Entergy recently announced a quarterly dividend of $0.60 per share, contributing to a 2.6% dividend yield and indicating a payout ratio of 59.85%.

CHURCHILL MANAGEMENT Corp raised its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 9.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 82,535 shares of the utilities provider's stock after buying an additional 7,384 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Entergy were worth $6,860,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ETR. Mattson Financial Services LLC raised its stake in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after buying an additional 150 shares during the last quarter. Atwood & Palmer Inc. increased its stake in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entergy in the 1st quarter valued at about $28,000. Grove Bank & Trust increased its stake in shares of 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. Finally, Wayfinding Financial LLC purchased a new position in shares of Entergy in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ETR. Jefferies Financial Group began coverage on Entergy in a research note on Thursday, September 4th. They issued a "buy" rating and a $109.00 price target for the company. Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley cut their price target on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Finally, Barclays cut 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. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and a consensus target price of $89.80.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business'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 transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Entergy Price Performance

NYSE:ETR opened at $93.43 on Thursday. The firm has a market cap of $41.71 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.54 and a beta of 0.62. The stock has a 50 day moving average of $89.47 and a two-hundred day moving average of $85.14. Entergy Corporation has a 12 month low of $64.38 and a 12 month high of $94.31. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share 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 return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 13th. Entergy's payout ratio is currently 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.

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