Huber Capital Management LLC Has $1.66 Million Stock Holdings in Entergy Corporation $ETR

Key Points

• Huber Capital Management LLC reduced its holdings in Entergy Corporation by 35.8%, now owning 19,453 shares valued at $1,663,000.
• Entergy's recent quarterly earnings reported $1.05 EPS, exceeding estimates, while the company set FY 2025 EPS guidance at 3.750-3.95.
• The firm announced a quarterly dividend of $0.60 per share, with an annualized yield of 2.7% and a payout ratio of 59.85%.

Huber Capital Management LLC lessened its stake in Entergy Corporation (NYSE:ETR - Free Report) by 35.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,453 shares of the utilities provider's stock after selling 10,863 shares during the period. Huber Capital Management LLC's holdings in Entergy were worth $1,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETR. Brighton Jones LLC boosted its holdings in Entergy by 275.6% in 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 during the period. Integrated Wealth Concepts LLC boosted its holdings in Entergy by 104.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 15,973 shares of the utilities provider's stock worth $1,211,000 after purchasing an additional 8,153 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Entergy in the fourth quarter worth $745,000. Public Employees Retirement Association of Colorado boosted its holdings in Entergy by 100.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 41,560 shares of the utilities provider's stock worth $3,151,000 after purchasing an additional 20,780 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its holdings in Entergy by 202.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 16,545 shares of the utilities provider's stock worth $1,254,000 after purchasing an additional 11,072 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Entergy stock traded down $0.02 during trading hours on Monday, reaching $88.11. 1,705,122 shares of the company were exchanged, compared to its average volume of 2,547,718. The firm has a market cap of $39.33 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.40 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. The stock has a 50-day moving average of $86.60 and a 200 day moving average of $84.34. Entergy Corporation has a 12 month low of $59.05 and a 12 month high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period in the prior year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on ETR shares. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Barclays reduced their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Morgan Stanley set a $86.00 price objective on Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average 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.