Fox Run Management L.L.C. Invests $1 Million in Entergy Corporation $ETR

Fox Run Management L.L.C. bought a new stake in Entergy Corporation (NYSE:ETR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 10,778 shares of the utilities provider’s stock, valued at approximately $1,004,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MAI Capital Management boosted its stake in Entergy by 20.7% in the third quarter. MAI Capital Management now owns 3,417 shares of the utilities provider’s stock valued at $318,000 after acquiring an additional 586 shares in the last quarter. RWA Wealth Partners LLC increased its position in shares of Entergy by 4.9% during the third quarter. RWA Wealth Partners LLC now owns 6,478 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 303 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares during the last quarter. Affinity Investment Advisors LLC boosted its position in shares of Entergy by 8.0% in the 3rd quarter. Affinity Investment Advisors LLC now owns 2,903 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 216 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Entergy by 4.9% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 622,876 shares of the utilities provider’s stock valued at $58,046,000 after purchasing an additional 29,171 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of NYSE ETR opened at $105.64 on Friday. The stock has a fifty day moving average price of $96.81 and a 200 day moving average price of $94.26. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.18. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The company has a market cap of $47.85 billion, a PE ratio of 27.02, a P/E/G ratio of 2.10 and a beta of 0.65.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be given a $0.64 dividend. The ex-dividend date is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho set a $112.00 price target on Entergy in a research report on Friday, February 13th. BMO Capital Markets raised their target price on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley set a $98.00 price target on shares of Entergy in a research report on Friday, February 20th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Siebert Williams Shank began coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.11.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

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.