12,256 Shares in Entergy Corporation $ETR Acquired by 111 Capital

111 Capital acquired a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,256 shares of the utilities provider’s stock, valued at approximately $1,019,000.

Other hedge funds also recently added to or reduced their stakes in the company. Choreo LLC boosted its position in shares of Entergy by 12.3% during the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after buying an additional 1,042 shares during the period. First American Trust FSB purchased a new position in shares of Entergy during the first quarter worth $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after buying an additional 19,862 shares during the period. Empowered Funds LLC boosted its position in shares of Entergy by 369.8% during the first quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after buying an additional 67,696 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Entergy during the first quarter worth $32,658,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 2.0%

Entergy stock opened at $95.41 on Friday. Entergy Corporation has a 1-year low of $64.38 and a 1-year high of $96.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The stock has a market cap of $42.59 billion, a PE ratio of 23.76, a P/E/G ratio of 2.60 and a beta of 0.62. The stock’s fifty day moving average is $89.72 and its two-hundred day moving average is $85.28.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Entergy’s payout ratio is 59.85%.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ETR. Mizuho set a $97.00 price target on Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Saturday, September 27th. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Jefferies Financial Group assumed coverage on Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price for the company. Finally, KeyCorp reiterated an “overweight” rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.33.

Entergy Company Profile

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.