Integrity Alliance LLC. Purchases Shares of 12,503 Entergy Corporation $ETR

Key Points

• Integrity Alliance LLC. has acquired 12,503 shares of Entergy Corporation, valued at approximately $1,069,000, marking a significant new investment in the utilities provider.
• Entergy Corporation reported quarterly earnings of $1.05 per share, outperforming estimates, and has set a fiscal year 2025 guidance of 3.750-3.95 EPS.
• Analysts have mixed opinions on Entergy, with target prices ranging from $87.00 to $109.00, while twelve analysts rate it as a "Buy" and four as a "Hold".

Integrity Alliance LLC. acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,503 shares of the utilities provider's stock, valued at approximately $1,069,000.

Other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC grew its holdings in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after purchasing an additional 129 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock worth $90,000 after acquiring an additional 165 shares during the last quarter. Horizon Investments LLC increased its position in Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after acquiring an additional 176 shares during the period. Glen Eagle Advisors LLC raised its stake in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 180 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Entergy by 4.0% during the first quarter. CreativeOne Wealth LLC now owns 4,691 shares of the utilities provider's stock worth $401,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on Entergy in a report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective for the company. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. KeyCorp reaffirmed an "overweight" rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Mizuho set a $97.00 price target on shares of Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Twelve research 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $89.87.

Entergy Trading Up 0.5%

ETR traded up $0.46 during trading on Friday, hitting $90.32. The company's stock had a trading volume of 2,082,846 shares, compared to its average volume of 2,287,449. The firm has a market capitalization of $40.32 billion, a P/E ratio of 22.50, a PEG ratio of 2.46 and a beta of 0.61. Entergy Corporation has a twelve month low of $62.31 and a twelve month high of $92.40. The stock's fifty day moving average price is $87.76 and its 200-day moving average price is $84.54. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last announced 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 net margin of 14.35% and a return on equity of 11.52%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy's dividend payout ratio is currently 59.85%.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated 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 in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

Entergy Company Profile

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.