Ascent Group LLC Purchases 315 Shares of Entergy Corporation $ETR

Ascent Group LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,129 shares of the utilities provider’s stock after buying an additional 315 shares during the quarter. Ascent Group LLC’s holdings in Entergy were worth $3,336,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mattson Financial Services LLC grew its holdings in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Atwood & Palmer Inc. grew its holdings in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy in the first quarter valued at approximately $28,000. Grove Bank & Trust grew its stake in 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 purchasing an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Entergy in the first quarter valued at approximately $32,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Scotiabank set a $105.00 price target on Entergy and gave the company an “outperform” rating in a research note on Friday. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Saturday, September 27th. Finally, KeyCorp restated an “overweight” rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.33.

Entergy Stock Performance

Shares of NYSE ETR opened at $95.41 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $64.38 and a 12 month high of $96.61. The stock has a 50 day moving average of $89.72 and a 200-day moving average of $85.28. The company has a market capitalization of $42.59 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.60 and a beta of 0.62.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The company 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 period in the previous year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

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.