Ethos Financial Group LLC Increases Stock Position in Entergy Corporation $ETR

Key Points

• Ethos Financial Group LLC significantly increased its holdings in Entergy Corporation by 268.2% during the first quarter, now owning 13,051 shares valued at approximately $1,081,000.
• Entergy's recent quarterly earnings report showed an EPS of $1.05, exceeding analysts' expectations, with a revenue of $3.02 billion for the quarter.
• The company also declared a quarterly dividend of $0.60 per share, representing a 2.7% yield based on a payout ratio of 59.85%.

Ethos Financial Group LLC grew its stake in Entergy Corporation (NYSE:ETR - Free Report) by 268.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,051 shares of the utilities provider's stock after acquiring an additional 9,506 shares during the quarter. Ethos Financial Group LLC's holdings in Entergy were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Entergy by 275.6% in the fourth 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 during the last quarter. Summit Investment Advisors Inc. grew its holdings in Entergy by 85.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider's stock worth $317,000 after purchasing an additional 1,931 shares during the last quarter. Mariner LLC grew its holdings in Entergy by 123.8% in the fourth quarter. Mariner LLC now owns 71,970 shares of the utilities provider's stock worth $5,457,000 after purchasing an additional 39,810 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in Entergy by 129.8% in the fourth quarter. CreativeOne Wealth LLC now owns 4,509 shares of the utilities provider's stock worth $342,000 after purchasing an additional 2,547 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Entergy by 22.8% in the fourth quarter. Jump Financial LLC now owns 5,252 shares of the utilities provider's stock worth $398,000 after purchasing an additional 974 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ETR shares. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays dropped their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley dropped their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.14.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company's stock.

Entergy Price Performance

NYSE ETR traded down $0.6510 on Thursday, hitting $89.1790. The company had a trading volume of 1,422,732 shares, compared to its average volume of 3,539,805. The company's fifty day moving average price is $85.54 and its 200-day moving average price is $83.99. Entergy Corporation has a 12-month low of $59.05 and a 12-month high of $92.40. The company has a market capitalization of $39.81 billion, a PE ratio of 22.21, a PEG ratio of 2.42 and a beta of 0.57. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio is presently 59.85%.

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.