Tema Etfs LLC Acquires 19,012 Shares of Entergy Corporation $ETR

Tema Etfs LLC grew its holdings in Entergy Corporation (NYSE:ETR) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,120 shares of the utilities provider’s stock after purchasing an additional 19,012 shares during the quarter. Tema Etfs LLC’s holdings in Entergy were worth $6,814,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Entergy by 3.0% during the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after buying an additional 1,630,674 shares during the period. State Street Corp boosted its position in Entergy by 4.5% during the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after acquiring an additional 981,750 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Entergy by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after acquiring an additional 479,093 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock valued at $930,541,000 after acquiring an additional 505,344 shares during the period. Finally, Boston Partners raised its position in shares of Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after acquiring an additional 3,710,814 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETR. JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Evercore ISI boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Citigroup raised their price target on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Morgan Stanley set a $91.00 price objective on shares of Entergy in a research report on Thursday, November 20th. Finally, Mizuho boosted their price objective on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.19.

Insider Activity

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last ninety days. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

Shares of NYSE ETR opened at $93.56 on Monday. Entergy Corporation has a fifty-two week low of $75.04 and a fifty-two week high of $98.58. The company has a market cap of $41.78 billion, a PE ratio of 23.10, a P/E/G ratio of 2.09 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The business has a 50-day simple moving average of $94.05 and a two-hundred day simple moving average of $91.24.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio is presently 63.21%.

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.