Jupiter Topco LLC Makes New Investment in Entergy Corporation $ETR

Jupiter Topco LLC acquired a new position in Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 518,861 shares of the utilities provider’s stock, valued at approximately $59,596,000.

Several other hedge funds have also bought and sold shares of ETR. Brighton Jones LLC lifted its position in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP raised its stake in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Entergy in the 2nd quarter worth approximately $6,869,000. Brown Advisory Inc. lifted its holdings in shares of Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Entergy in the 2nd quarter valued at $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ETR. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Evercore reiterated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, BMO Capital Markets increased their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Entergy Trading Down 0.7%

Shares of ETR opened at $106.47 on Friday. The stock has a market capitalization of $49.68 billion, a P/E ratio of 27.30, a PEG ratio of 1.83 and a beta of 0.50. 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 firm has a fifty day simple moving average of $111.16 and a two-hundred day simple moving average of $109.92. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

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.