Empowered Funds LLC Has $7.35 Million Stake in Entergy Corporation $ETR

Key Points

• Empowered Funds LLC boosted its stake in Entergy Corporation by 369.8%, acquiring an additional 67,696 shares, bringing its total holdings to approximately $7.35 million.
• Insider Haley Fisackerly sold 4,463 shares at an average price of $90.50, resulting in a 57.36% decrease in their position, with remaining shares valued at about $300,279.
• Entergy's recent earnings report showed $1.05 EPS, exceeding analysts' expectations, while the company has set its FY 2025 guidance at $3.750-3.95 EPS.

Empowered Funds LLC increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 369.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,001 shares of the utilities provider's stock after acquiring an additional 67,696 shares during the period. Empowered Funds LLC's holdings in Entergy were worth $7,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MBB Public Markets I LLC acquired a new stake in shares of Entergy in the first quarter valued at about $322,000. Ascent Group LLC increased its position in shares of Entergy by 2.2% in the first quarter. Ascent Group LLC now owns 39,814 shares of the utilities provider's stock valued at $3,404,000 after acquiring an additional 841 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Entergy in the first quarter valued at about $558,000. Sciencast Management LP acquired a new stake in shares of Entergy in the first quarter valued at about $1,726,000. Finally, Challenger Wealth Management acquired a new stake in shares of Entergy in the first quarter valued at about $202,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's 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 sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company's stock.

Entergy Stock Performance

NYSE ETR opened at $88.44 on Thursday. The firm has a 50-day moving average of $87.44 and a 200-day moving average of $84.48. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market cap of $39.48 billion, a PE ratio of 22.03, a P/E/G ratio of 2.37 and a beta of 0.61. Entergy Corporation has a 52-week low of $60.00 and a 52-week 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Barclays decreased their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Raymond James Financial assumed coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Jefferies Financial Group assumed coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective for the company. Finally, Morgan Stanley set a $86.00 price objective on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.87.

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.

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