Odyssean LLC Invests $1.19 Million in Entergy Corporation $ETR

Key Points

• Odyssean LLC acquired 10,313 Entergy shares worth approximately $1.19 million during the second quarter. Institutional investors collectively own 88.07% of the utility company.
• Wall Street remains broadly positive on Entergy, with 17 analysts assigning Buy ratings and three issuing Holds. The stock has a “Moderate Buy” consensus rating and a $120.84 average price target.
• Entergy exceeded quarterly earnings and revenue expectations, reporting $1.03 in EPS and $3.52 billion in revenue. The company declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annual yield.

Odyssean LLC bought a new position in Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,313 shares of the utilities provider's stock, valued at approximately $1,185,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Entergy in the second quarter worth approximately $4,861,376,000. State Street Corp boosted its position in shares of Entergy by 4.4% during the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider's stock valued at $2,251,268,000 after buying an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Bank of America Corp DE grew its holdings in Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider's stock worth $1,951,668,000 after buying an additional 870,847 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider's stock worth $1,068,725,000 after buying an additional 126,625 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ETR. Citigroup reissued a "neutral" rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Scotiabank reaffirmed a "sector outperform" rating on shares of Entergy in a report on Wednesday, June 10th. BMO Capital Markets upped their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Truist Financial set a $122.00 target price on shares of Entergy and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, UBS Group reissued a "buy" rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seventeen 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, Entergy presently has an average rating of "Moderate Buy" and a consensus price target of $120.84.

Entergy Stock Performance

Shares of ETR opened at $107.26 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.81 and a beta of 0.50. The stock has a 50 day moving average of $111.25 and a 200 day moving average of $109.86. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy's dividend payout ratio is currently 65.64%.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the business's stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company's stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

About Entergy

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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