Jump Financial LLC Raises Stock Holdings in Entergy Corporation $ETR

Key Points

• Jump Financial LLC increased its stake in Entergy Corporation by 3,293.4% in the first quarter, acquiring a total of 178,221 shares valued at $15.24 million.
• Entergy recently announced an upcoming dividend of $0.60 per share, resulting in a 2.7% yield and reflecting a dividend payout ratio of 59.85%.
• Analysts have given Entergy Corporation an average rating of "Moderate Buy", with a consensus target price currently set at $88.14.

Jump Financial LLC lifted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 3,293.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,221 shares of the utilities provider's stock after buying an additional 172,969 shares during the quarter. Jump Financial LLC's holdings in Entergy were worth $15,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. APG Asset Management N.V. raised its holdings in shares of Entergy by 0.6% in the first quarter. APG Asset Management N.V. now owns 232,100 shares of the utilities provider's stock worth $18,369,000 after buying an additional 1,300 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Entergy by 19.0% in the first quarter. Smartleaf Asset Management LLC now owns 2,157 shares of the utilities provider's stock worth $182,000 after buying an additional 345 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Entergy by 18.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 30,313 shares of the utilities provider's stock worth $2,591,000 after buying an additional 4,632 shares during the period. AlphaQuest LLC purchased a new stake in shares of Entergy in the first quarter worth approximately $330,000. Finally, Allstate Corp raised its holdings in shares of Entergy by 19.3% in the first quarter. Allstate Corp now owns 15,384 shares of the utilities provider's stock worth $1,315,000 after buying an additional 2,488 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 0.0%

Shares of NYSE ETR opened at $89.2290 on Friday. 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 market capitalization of $39.83 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The stock's fifty day simple moving average is $85.81 and its two-hundred day simple moving average is $84.10. 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 announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion for 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 quarter last year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. BMO Capital Markets increased their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. KeyCorp reiterated an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Morgan Stanley reduced their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.14.

Insider Transactions at Entergy

In other Entergy 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 of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.

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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