Marino Stram & Associates LLC Raises Stock Holdings in Entergy Corporation $ETR

Marino Stram & Associates LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 9.4% in the second quarter, HoldingsChannel reports. The fund owned 13,099 shares of the utilities provider’s stock after acquiring an additional 1,121 shares during the period. Marino Stram & Associates LLC’s holdings in Entergy were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. My Legacy Advisors LLC increased its stake in Entergy by 0.8% in the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after acquiring an additional 128 shares during the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after purchasing an additional 129 shares in the last quarter. Mattson Financial Services LLC grew its holdings in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Entergy by 18.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 165 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after purchasing an additional 176 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on ETR. Barclays lowered their price objective on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Mizuho set a $97.00 target price on shares of Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. Morgan Stanley reduced their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, KeyCorp reiterated an “overweight” rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.80.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $93.18 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The business’s fifty day simple moving average is $89.37 and its two-hundred day simple moving average is $85.08. Entergy Corporation has a twelve month low of $64.38 and a twelve month high of $93.92. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.54 and a beta of 0.61.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same quarter last year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s payout ratio is 59.85%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.