Liberty One Investment Management LLC Has $13.32 Million Stock Holdings in Entergy Corporation $ETR

Liberty One Investment Management LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 61.2% in the third quarter, HoldingsChannel.com reports. The fund owned 142,892 shares of the utilities provider’s stock after acquiring an additional 54,260 shares during the quarter. Entergy comprises about 0.7% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 25th biggest position. Liberty One Investment Management LLC’s holdings in Entergy were worth $13,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP grew its stake in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Entergy by 72.1% in the first quarter. Belpointe Asset Management LLC now owns 4,339 shares of the utilities provider’s stock valued at $371,000 after buying an additional 1,818 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Entergy by 13.2% in the first quarter. Geneos Wealth Management Inc. now owns 3,456 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 402 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Entergy by 55.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,804 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 1,714 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

ETR opened at $93.51 on Tuesday. Entergy Corporation has a 52-week low of $75.04 and a 52-week high of $98.58. The stock has a market capitalization of $41.76 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The stock’s 50 day moving average price is $93.98 and its 200-day moving average price is $91.32. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71.

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

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a $0.64 dividend. The ex-dividend date was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho raised their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. TD Cowen initiated coverage on shares of Entergy in a report on Friday. They set a “buy” rating and a $108.00 price objective for the company. Finally, Citigroup increased their price target on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.19.

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director directly owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Company insiders own 0.47% 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.