Equitable Holdings Inc. Makes New $1.43 Million Investment in Entergy Corporation $ETR

Equitable Holdings Inc. purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,451 shares of the utilities provider's stock, valued at approximately $1,430,000.

A number of other hedge funds also recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Entergy during the second quarter worth approximately $24,157,000. Proficio Capital Partners LLC acquired a new position in Entergy during the 2nd quarter worth $446,000. Transamerica Financial Advisors LLC acquired a new position in Entergy during the 2nd quarter worth $7,300,000. Corient Private Wealth LP bought a new position in shares of Entergy in the second quarter worth $13,357,000. Finally, Pingora Partners LLC bought a new position in shares of Entergy in the second quarter worth $30,000. Institutional investors own 88.07% of the company's stock.

Entergy Trading Down 0.7%

Shares of ETR stock opened at $105.77 on Friday. The stock has a 50-day simple moving average of $111.05 and a 200 day simple moving average of $109.89. The stock has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.82 and a beta of 0.50. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Analyst Ratings Changes

ETR has been the topic of a number of recent analyst reports. Evercore restated an "outperform" rating and set a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. Citigroup reiterated a "neutral" rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. BMO Capital Markets raised their target price on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Scotiabank restated a "sector outperform" rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Barclays reduced their price target on shares of Entergy from $124.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $120.84.

Insider Buying and Selling

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

Entergy Profile

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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