Entergy Corporation $ETR Shares Bought by Oak Thistle LLC

Oak Thistle LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 431.0% during the fourth quarter, Holdings Channel reports. The fund owned 24,856 shares of the utilities provider’s stock after acquiring an additional 20,175 shares during the quarter. Oak Thistle LLC’s holdings in Entergy were worth $2,297,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. MFA Wealth Services grew its position in Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 107 shares in the last quarter. Guidance Capital Inc. raised its stake in Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares during the period. Physician Wealth Advisors Inc. raised its stake in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Cape Investment Advisory Inc. boosted its position in shares of Entergy by 2.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after buying an additional 116 shares during the period. Finally, CW Advisors LLC boosted its position in shares of Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $113.82 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $52.11 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.27 and a beta of 0.57. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $115.61. The firm has a 50 day moving average of $104.28 and a two-hundred day moving average of $97.91.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the prior year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is currently 65.47%.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% 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. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. KeyCorp raised their target price on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. UBS Group reaffirmed a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Finally, TD Cowen began coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $110.17.

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.