Csenge Advisory Group Takes $1.04 Million Position in Entergy Corporation $ETR

Csenge Advisory Group acquired a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,079 shares of the utilities provider’s stock, valued at approximately $1,043,000.

A number of other hedge funds have also recently made changes to their positions in ETR. Caliber Wealth Management LLC KS purchased a new position in shares of Entergy during the fourth quarter worth $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after buying an additional 38,742 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after buying an additional 27,868 shares during the period. World Investment Advisors lifted its stake in Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after acquiring an additional 38,195 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Entergy by 9.0% during the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after acquiring an additional 200,783 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Entergy Trading Down 0.1%

ETR opened at $108.01 on Thursday. The business has a fifty day moving average price of $111.73 and a 200 day moving average price of $109.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.85 and a beta of 0.50.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is 65.64%.

Analyst Ratings Changes

Several research firms have weighed in on ETR. Citigroup reaffirmed a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. BTIG Research reissued a “buy” rating and set a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Barclays cut their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.05.

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.