Galaxy Digital Capital Management GP LLC Makes New $637,000 Investment in Entergy Corporation $ETR

Galaxy Digital Capital Management GP LLC acquired a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,542 shares of the utilities provider’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after buying an additional 92 shares during the period. Aristotle Capital Management LLC boosted its holdings in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC grew its stake in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 102 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Entergy stock opened at $106.28 on Wednesday. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company’s 50 day moving average price is $111.32 and its two-hundred day moving average price is $109.79. The stock has a market cap of $49.59 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.81 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.64 dividend. 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 currently 65.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. BTIG Research reiterated a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. UBS Group reissued a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Truist Financial set a $122.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays decreased their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction 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 sale, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

About Entergy

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.