Simplicity Wealth LLC Makes New Investment in Entergy Corporation $ETR

Key Points

• Simplicity Wealth LLC has made a new investment in Entergy Corporation, acquiring 4,914 shares valued at approximately $408,000 in the second quarter.
• Entergy reported $1.05 earnings per share for the latest quarter, surpassing analysts' expectations of $0.91, and set FY 2025 guidance at 3.750-3.95 EPS.
• The company recently declared a quarterly dividend of $0.60, yielding 2.5%, with a dividend payout ratio currently at 59.85%.

Simplicity Wealth LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,914 shares of the utilities provider's stock, valued at approximately $408,000.

Other hedge funds have also made changes to their positions in the company. Mattson Financial Services LLC lifted its stake in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after buying an additional 150 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy in the first quarter valued at about $28,000. Atwood & Palmer Inc. lifted its stake in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock valued at $27,000 after buying an additional 190 shares during the period. Grove Bank & Trust lifted its stake 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 buying an additional 230 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Entergy in the first quarter valued at about $32,000. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

NYSE:ETR opened at $96.70 on Thursday. Entergy Corporation has a 1 year low of $64.38 and a 1 year high of $98.58. The firm has a 50 day moving average of $90.24 and a 200-day moving average of $85.53. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $43.17 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion during 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 previous year, the company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore ISI set a $98.00 target price on shares of Entergy and gave the company an "in-line" rating in a research note on Monday. Morgan Stanley cut their price target on shares of Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They set a "buy" rating and a $109.00 price target for the company. Scotiabank set a $105.00 price target on shares of Entergy and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Thirteen investment 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, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company's stock, 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 at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

About Entergy

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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