Goodlander Investment Management LLC Makes New Investment in Entergy Corporation $ETR

Key Points

• Goodlander Investment Management LLC has acquired a new position in Entergy Corporation, purchasing 45,000 shares valued at approximately $3.85 million, making it 3.3% of their portfolio.
• Wall Street analysts forecast positive growth for Entergy, with target prices ranging between $86.00 and $97.00, and a consensus rating of "Moderate Buy."
• Entergy recently announced a quarterly dividend of $0.60, which reflects an annual yield of 2.7%, with a dividend payout ratio of 59.85%.

Goodlander Investment Management LLC acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,000 shares of the utilities provider's stock, valued at approximately $3,847,000. Entergy accounts for approximately 3.3% of Goodlander Investment Management LLC's portfolio, making the stock its 10th biggest position.

A number of other hedge funds also recently modified their holdings of ETR. Glen Eagle Advisors LLC lifted its position in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy in the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC bought a new stake in shares of Entergy in the 4th quarter worth approximately $30,000. Grove Bank & Trust lifted its position in shares of Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after acquiring an additional 230 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Entergy in the 1st quarter worth approximately $32,000. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. KeyCorp restated an "overweight" rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Barclays cut their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction 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 trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company's stock.

Entergy Trading Down 0.0%

ETR stock opened at $88.11 on Friday. The business has a fifty day moving average price of $86.60 and a 200 day moving average price of $84.32. Entergy Corporation has a fifty-two week low of $59.05 and a fifty-two week high of $92.40. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.40 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 released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The firm 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 last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 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.

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