40,884 Shares in Entergy Corporation $ETR Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 40,884 shares of Entergy Corporation, worth approximately $3.5 million, marking a significant investment in the utilities firm.
• Research analysts have given Entergy an average rating of "Moderate Buy", with varying price objectives from different firms, indicating a generally positive outlook for the stock.
• Entergy recently announced a quarterly dividend of $0.60 per share, which will be paid to shareholders on September 2, reflecting an annual yield of 2.7%.

Quantbot Technologies LP acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,884 shares of the utilities provider's stock, valued at approximately $3,495,000.

Several other hedge funds have also added to or reduced their stakes in ETR. 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 purchasing an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy during the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC acquired a new stake in Entergy during the fourth quarter worth approximately $30,000. Grove Bank & Trust lifted its position in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after acquiring an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Entergy during the first quarter worth approximately $32,000. Institutional investors and hedge funds 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 company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ETR shares. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. Mizuho set a $97.00 price target on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley lowered their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. KeyCorp restated an "overweight" rating and set a $96.00 price objective (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Raymond James Financial assumed coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.14.

Entergy Trading Up 0.0%

ETR traded up $0.0090 during trading on Friday, reaching $89.2290. 2,029,222 shares of the stock traded hands, compared to its average volume of 2,715,099. 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 market capitalization of $39.83 billion, a PE ratio of 22.22, a P/E/G ratio of 2.43 and a beta of 0.57. The stock's 50-day moving average is $85.81 and its 200 day moving average is $84.09. Entergy Corporation has a 12 month low of $59.05 and a 12 month high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Entergy 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.