Teza Capital Management LLC Makes New $543,000 Investment in Entergy Corporation $ETR

Key Points

• Teza Capital Management LLC acquired 6,349 shares of Entergy Corporation, valued at approximately $543,000, in the first quarter, marking a significant institutional investment in the company.
• Recent research reports have resulted in target price increases for Entergy, with JPMorgan Chase raising their target from $102 to $103, reflecting bullish sentiment among analysts.
• Entergy recently declared a quarterly dividend of $0.60, resulting in an annualized payout of $2.40, indicating a dividend yield of 2.7%.

Teza Capital Management LLC acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,349 shares of the utilities provider's stock, valued at approximately $543,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Glen Eagle Advisors LLC increased its stake in shares of 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy during the first quarter worth about $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Entergy during the fourth quarter worth about $30,000. Grove Bank & Trust increased its stake in shares of 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 purchasing an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy during the first quarter worth about $32,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Trading Up 0.5%

NYSE:ETR traded up $0.46 on Friday, hitting $90.32. The stock had a trading volume of 2,082,846 shares, compared to its average volume of 2,388,549. 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 cap of $40.32 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.44 and a beta of 0.61. The company has a fifty day moving average price of $87.76 and a two-hundred day moving average price of $84.54. Entergy Corporation has a 1-year low of $62.31 and a 1-year high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its 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. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company'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 transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the stock an "outperform" rating in a research note on Thursday, August 21st. 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 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company 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.