Eisler Capital Management Ltd. Invests $722,000 in Entergy Corporation $ETR

Key Points

• Eisler Capital Management Ltd. has made a new investment of $722,000 in Entergy Corporation by acquiring 8,446 shares of the company.
• Entergy's latest earnings report showed an EPS of $1.05, surpassing expectations, despite revenues of $3.02 billion falling short of the consensus estimate.
• The company announced a quarterly dividend of $0.60 per share, representing a 2.7% dividend yield, with dividend payouts scheduled for September 2nd.

Eisler Capital Management Ltd. bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,446 shares of the utilities provider's stock, valued at approximately $722,000.

A number of other hedge funds also recently bought and sold shares of ETR. Brighton Jones LLC increased its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Entergy by 104.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,973 shares of the utilities provider's stock valued at $1,211,000 after acquiring an additional 8,153 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Entergy in the 4th quarter valued at $745,000. Public Employees Retirement Association of Colorado increased its position in shares of Entergy by 100.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 41,560 shares of the utilities provider's stock valued at $3,151,000 after acquiring an additional 20,780 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in shares of Entergy by 202.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 16,545 shares of the utilities provider's stock valued at $1,254,000 after acquiring an additional 11,072 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value 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. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company's stock.

Entergy Trading Down 0.0%

Shares of NYSE ETR traded down $0.02 during midday trading on Monday, reaching $88.11. 1,705,122 shares of the stock were exchanged, compared to its average volume of 2,547,718. The company has a 50 day simple moving average of $86.60 and a 200 day simple moving average of $84.34. The stock has a market capitalization of $39.33 billion, a P/E ratio of 21.95, a PEG ratio of 2.40 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. Entergy Corporation has a twelve month low of $59.05 and a twelve month high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share 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 firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given 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 of this dividend is Wednesday, August 13th. Entergy's payout ratio is 59.85%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ETR shares. Barclays cut their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Mizuho set a $97.00 price target on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.50.

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.