CW Advisors LLC Invests $305,000 in Entergy Corporation $ETR

Key Points

• CW Advisors LLC has acquired a new stake in Entergy Corporation valued at approximately $305,000, purchasing 3,585 shares during the first quarter.
• Analysts have shown optimism for Entergy, with target prices set between $86.00 and $103.00, leading to a consensus rating of "Moderate Buy".
• Entergy has announced a quarterly dividend of $0.60 per share, reflecting a 2.7% yield, with shareholders scheduled to receive it on September 2nd.

CW Advisors LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,585 shares of the utilities provider's stock, valued at approximately $305,000.

Several other hedge funds have also recently modified their holdings of the stock. Acropolis Investment Management LLC lifted its holdings in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after purchasing an additional 129 shares during the period. Gen Wealth Partners Inc grew its holdings in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after acquiring an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings 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 worth $90,000 after acquiring an additional 165 shares during the period. Horizon Investments LLC grew its holdings in Entergy by 1.8% during the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock worth $854,000 after acquiring an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC grew its stake in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. KeyCorp reaffirmed an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Barclays lowered their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Entergy Price Performance

Shares of NYSE ETR traded down $0.26 during trading on Wednesday, reaching $87.15. The company had a trading volume of 1,545,410 shares, compared to its average volume of 2,372,229. Entergy Corporation has a twelve month low of $60.00 and a twelve month high of $92.40. The stock has a market capitalization 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 stock has a 50-day moving average price of $86.91 and a two-hundred day moving average price of $84.41. 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 posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (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 for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. Entergy's dividend payout ratio (DPR) is 59.85%.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction 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 directly owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

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.