Mattson Financial Services LLC Has $26,000 Holdings in Entergy Corporation $ETR

Mattson Financial Services LLC increased its stake in Entergy Corporation (NYSE:ETR) by 100.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 300 shares of the utilities provider’s stock after purchasing an additional 150 shares during the quarter. Mattson Financial Services LLC’s holdings in Entergy were worth $26,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Glen Eagle Advisors LLC raised its stake in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy during the 1st quarter worth $28,000. Fourth Dimension Wealth LLC bought a new position in Entergy during the 4th quarter worth $30,000. Grove Bank & Trust increased its position in Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after buying an additional 230 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of Entergy in the first quarter worth $32,000. Institutional investors 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 firm’s stock in a transaction dated 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 in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ETR has been the topic of a number of recent analyst reports. Morgan Stanley set a $86.00 price target on Entergy and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. KeyCorp reaffirmed an “overweight” rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.87.

Entergy Stock Up 1.6%

Shares of NYSE:ETR opened at $89.89 on Friday. The company has a market capitalization of $40.13 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The business has a fifty day moving average price of $87.60 and a two-hundred day moving average price of $84.51. Entergy Corporation has a 1 year low of $61.04 and a 1 year high of $92.40.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 firm had revenue of $3.02 billion during 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 prior year, the company earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) 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.