Dockside LLC Takes $2.92 Million Position in Entergy Corporation $ETR

Dockside LLC acquired a new position in Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,384 shares of the utilities provider’s stock, valued at approximately $2,916,000.

Several other large investors have also made changes to their positions in ETR. Dynamic Wealth Strategies LLC acquired a new position in shares of Entergy during the first quarter worth approximately $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy in the first quarter worth $30,000. United Community Bank increased its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Washington Trust Advisors Inc. increased its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the period. Finally, Union Savings Bank acquired a new position in Entergy during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.8%

Shares of ETR opened at $107.76 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $111.80 and a two-hundred day moving average price of $109.17. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

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

Entergy Dividend Announcement

The business also recently declared 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. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is 65.64%.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. BTIG Research reaffirmed a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. UBS Group reiterated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. KeyCorp reissued an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.79.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.