Mariner Investment Group LLC Raises Holdings in Entergy Corporation $ETR

Mariner Investment Group LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 150.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the utilities provider's stock after purchasing an additional 30,000 shares during the quarter. Entergy comprises 1.5% of Mariner Investment Group LLC's holdings, making the stock its 10th largest holding. Mariner Investment Group LLC's holdings in Entergy were worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ETR. Brighton Jones LLC boosted its position in Entergy by 275.6% during 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 in the last quarter. Two Sigma Advisers LP bought a new stake in Entergy during the fourth quarter valued at about $1,592,000. Ameriflex Group Inc. bought a new stake in Entergy during the fourth quarter valued at about $33,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Entergy during the fourth quarter valued at about $17,980,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Entergy by 230.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 96,526 shares of the utilities provider's stock valued at $7,319,000 after purchasing an additional 67,352 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Trading Up 2.1%

Shares of NYSE:ETR opened at $92.22 on Friday. Entergy Corporation has a 52-week low of $64.38 and a 52-week high of $92.40. The stock has a market cap of $41.17 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.46 and a beta of 0.61. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average price of $89.14 and a 200-day moving average price of $84.94.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (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 firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the business posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent research reports. Barclays dropped their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Morgan Stanley lowered their price target on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.80.

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 transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by 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.

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