Jupiter Topco LLC Invests $59.60 Million in Entergy Corporation $ETR

Key Points

• Jupiter Topco LLC initiated a $59.6 million position in Entergy during the second quarter, acquiring 518,861 shares, while institutional investors collectively own 88.07% of the company.
• Entergy’s latest quarterly results exceeded expectations, with earnings of $1.03 per share and revenue of $3.52 billion. The company guided to fiscal 2026 earnings of $4.25–$4.45 per share.
• Entergy declared a quarterly dividend of $0.64 per share, equivalent to an annualized $2.56 payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $120.84.

Jupiter Topco LLC bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 518,861 shares of the utilities provider's stock, valued at approximately $59,596,000. Jupiter Topco LLC owned about 0.11% of Entergy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Entergy in the 2nd quarter worth about $4,861,376,000. JPMorgan Chase & Co. grew its stake in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the period. Norges Bank bought a new stake in Entergy in the fourth quarter worth approximately $528,313,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Entergy in the second quarter valued at approximately $633,338,000. Finally, Legal & General Group Plc bought a new position in shares of Entergy during the 2nd quarter worth approximately $430,404,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 0.7%

ETR opened at $106.47 on Friday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm has a market capitalization of $49.68 billion, a PE ratio of 27.30, a P/E/G ratio of 1.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company's 50-day moving average is $111.16 and its 200 day moving average is $109.92.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy's dividend payout ratio (DPR) is presently 65.64%.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the firm's 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 sale, the insider owned 14,182 shares of the company's stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ETR shares. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a "buy" rating in a research note on Thursday, August 13th. Citigroup restated a "neutral" rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. BMO Capital Markets lifted their price target 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. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an "outperform" rating in a report on Wednesday, June 10th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.84.

Entergy Company 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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