Diversified Enterprises LLC Purchases Shares of 3,755 Entergy Corporation $ETR

Key Points

• Diversified Enterprises LLC acquired 3,755 shares of Entergy Corporation, valued at approximately $312,000, signaling institutional interest in the utilities sector.
• Entergy recently reported $1.05 earnings per share (EPS) for the quarter, surpassing the consensus estimate, while generating revenue of $3.02 billion compared to expectations of $3.11 billion.
• The company's board declared a quarterly dividend of $0.60 per share, representing a 2.6% dividend yield, reflecting its commitment to providing shareholder returns.

Diversified Enterprises LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,755 shares of the utilities provider's stock, valued at approximately $312,000.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Entergy by 964.8% in the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after acquiring an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. lifted its stake in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Entergy during the first quarter worth about $194,429,000. Nuveen LLC bought a new position in shares of Entergy during the first quarter valued at approximately $123,648,000. Finally, GAMMA Investing LLC increased its holdings in Entergy by 9,289.4% in the 1st quarter. GAMMA Investing LLC now owns 1,327,660 shares of the utilities provider's stock worth $113,502,000 after buying an additional 1,313,520 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.39% of the company's stock.

Entergy Stock Performance

NYSE ETR opened at $92.22 on Friday. Entergy Corporation has a 1 year low of $64.38 and a 1 year high of $92.40. The firm's 50 day simple moving average is $89.14 and its 200 day simple moving average is $84.95. The firm has a market capitalization of $41.17 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.51 and a beta of 0.61. 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 results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given 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 of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio is presently 59.85%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ETR shares. Barclays decreased 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. Raymond James Financial assumed coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research report 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 target for the company. Finally, JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Eleven investment 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 has an average rating of "Moderate Buy" and an average target price of $89.80.

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.

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