OneAscent Investment Solutions LLC Makes New $842,000 Investment in Entergy Corporation $ETR

Key Points

• OneAscent Investment Solutions LLC invested approximately $842,000 in Entergy Corporation, acquiring nearly 9,852 shares during the first quarter, making it the company's 18th largest holding.
• Vanguard Group increased its stake in Entergy by 5.2%, now owning over 54 million shares, while Bank of America boosted its position by 142.8% in the previous quarter.
• Entergy Corporation declared a quarterly dividend of $0.60 per share, with a payout ratio of approximately 59.85%, representing an annual yield of 2.6%.

OneAscent Investment Solutions LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,852 shares of the utilities provider's stock, valued at approximately $842,000. Entergy accounts for approximately 1.0% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also modified their holdings of the company. Glen Eagle Advisors LLC grew its holdings in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entergy during the first quarter worth $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Entergy in the fourth quarter valued at $30,000. Grove Bank & Trust lifted its position in shares of Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy in the first quarter valued at $32,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction that occurred on 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 owned 3,318 shares of the company's stock, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ETR has been the subject of several research analyst reports. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley reduced their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $88.07.

Entergy Stock Up 0.8%

Shares of ETR stock traded up $0.7040 on Tuesday, reaching $88.5540. 672,689 shares of the company's stock traded hands, compared to its average volume of 3,545,021. The business's 50 day moving average price is $85.26 and its two-hundred day moving average price is $83.91. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. Entergy Corporation has a 12-month low of $59.05 and a 12-month high of $92.40. The company has a market capitalization of $39.53 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.57.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same quarter in the previous year, the company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy's dividend payout ratio is 59.85%.

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.