3,762 Shares in Entergy Corporation $ETR Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 3,762 shares of Entergy Corporation, valued at approximately $322,000, during the first quarter.
• Entergy reported earnings of $1.05 per share for its last quarter, exceeding consensus estimates of $0.91.
• Analysts currently rate Entergy as a "Moderate Buy" with a consensus price target of $89.87, while recent upgrades have positioned targets as high as $109.00.

MBB Public Markets I LLC purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,762 shares of the utilities provider's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Millennium Management LLC lifted its stake in Entergy by 474.0% in the fourth quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider's stock worth $293,953,000 after acquiring an additional 3,201,530 shares during the period. TD Asset Management Inc lifted its stake in Entergy by 964.8% in the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after acquiring an additional 2,768,734 shares during the period. Vanguard Group Inc. lifted its stake in Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Alkeon Capital Management LLC purchased a new stake in Entergy in the first quarter worth $194,429,000. Finally, Royal Bank of Canada lifted its stake in Entergy by 80.9% in the fourth quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider's stock worth $354,317,000 after acquiring an additional 2,089,169 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Entergy Stock Up 0.5%

Shares of NYSE:ETR traded up $0.46 on Friday, hitting $90.32. 2,082,846 shares of the company traded hands, compared to its average volume of 2,287,449. Entergy Corporation has a 52 week low of $62.31 and a 52 week high of $92.40. 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 stock has a 50 day simple moving average of $87.76 and a 200-day simple moving average of $84.53. The company has a market cap of $40.32 billion, a PE ratio of 22.50, a PEG ratio of 2.46 and a beta of 0.61.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 the consensus estimate of $3.11 billion. During the same period last year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared 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 (DPR) is presently 59.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ETR shares. Jefferies Financial Group assumed coverage on Entergy in a research note on Thursday, September 4th. They issued a "buy" rating and a $109.00 price target for the company. KeyCorp reissued an "overweight" rating and set a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Barclays lowered their price objective 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, Mizuho set a $97.00 price objective on Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.87.

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.