Entergy Corporation $ETR Shares Purchased by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in Entergy Corporation by 16.7%, acquiring an additional 187,094 shares, now holding a total of 1,304,587 shares.
• Entergy Corporation's latest earnings report showed earnings per share (EPS) of $1.05, exceeding analysts' estimates, while setting a fiscal year 2025 EPS guidance of 3.750-3.95.
• The company recently declared a quarterly dividend of $0.60 per share, indicating an annualized dividend yield of 2.7%.

Energy Income Partners LLC raised its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,304,587 shares of the utilities provider's stock after buying an additional 187,094 shares during the period. Entergy comprises 2.1% of Energy Income Partners LLC's portfolio, making the stock its 13th largest holding. Energy Income Partners LLC owned 0.30% of Entergy worth $111,529,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares during the period. Bank of America Corp DE increased its position in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after purchasing an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Entergy by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock valued at $1,126,244,000 after acquiring an additional 289,468 shares during the period. Royal Bank of Canada raised its stake in shares of Entergy by 80.9% in the fourth quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider's stock valued at $354,317,000 after acquiring an additional 2,089,169 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Entergy by 3.4% in the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider's stock worth $370,488,000 after purchasing an additional 143,187 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 0.3%

NYSE:ETR traded down $0.26 on Wednesday, reaching $87.15. 1,545,410 shares of the company's stock were exchanged, compared to its average volume of 2,372,229. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61. The business has a fifty day moving average of $86.79 and a 200-day moving average of $84.39. Entergy Corporation has a 52-week low of $60.00 and a 52-week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior 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, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio is currently 59.85%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was 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 approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

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

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.