Energy Income Partners LLC Takes Position in Entergy Corporation $ETR

Key Points

• Energy Income Partners acquired 1.29 million Entergy shares worth approximately $148.4 million, making Entergy its ninth-largest holding and representing about 0.28% of the utility company.
• Wall Street sentiment is broadly positive: 17 analysts rate Entergy a Buy, two rate it Hold, and one rates it Sell, with a consensus “Moderate Buy” rating and an average price target of $121.05.
• Entergy exceeded quarterly earnings and revenue estimates, while maintaining a $0.64 quarterly dividend, equivalent to $2.56 annually and a 2.4% yield.

Energy Income Partners LLC bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,291,790 shares of the utilities provider's stock, valued at approximately $148,375,000. Entergy comprises 2.3% of Energy Income Partners LLC's holdings, making the stock its 9th largest holding. Energy Income Partners LLC owned approximately 0.28% of Entergy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider's stock worth $3,097,000 after acquiring an additional 10,476 shares during the period. Marshall Wace LLP acquired a new stake in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. raised its position in Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider's stock valued at $354,000 after buying an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy in the second quarter worth $17,225,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETR. Citigroup restated a "neutral" rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Wells Fargo & Company increased their price target on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Entergy in a research note on Wednesday, July 22nd. Barclays lowered their price target on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.05.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company's stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

Entergy Stock Performance

NYSE:ETR opened at $108.28 on Wednesday. The stock has a 50 day simple moving average of $111.78 and a 200 day simple moving average of $109.43. The stock has a market cap of $50.53 billion, a P/E ratio of 27.76, a PEG ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy's payout ratio is 65.64%.

About Entergy

Entergy Corporation NYSE: ETR is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company's operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy's generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.

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