Greenland Capital Management LP Makes New $12.88 Million Investment in Entergy Corporation $ETR

Greenland Capital Management LP acquired a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 112,146 shares of the utilities provider’s stock, valued at approximately $12,881,000. Entergy makes up about 1.6% of Greenland Capital Management LP’s portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after purchasing an additional 38,742 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the last quarter. World Investment Advisors lifted its position in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Truist Financial Corp grew its stake in shares of Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after purchasing an additional 200,783 shares in the last quarter. Finally, WealthShield Partners LLC acquired a new position in shares of Entergy during the fourth quarter worth $1,057,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.21% of the company’s stock.

Entergy Price Performance

Shares of ETR opened at $104.56 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The stock has a market cap of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The firm has a fifty day moving average price of $111.55 and a 200 day moving average price of $109.57.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s payout ratio is 65.64%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of analyst reports. UBS Group restated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on Entergy and gave the company an “equal weight” rating in a report on Friday. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Citigroup restated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $120.84.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.