Tidal Investments LLC Buys 118,699 Shares of Entergy Corporation $ETR

Tidal Investments LLC grew its stake in Entergy Corporation (NYSE:ETR) by 50.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,791 shares of the utilities provider’s stock after buying an additional 118,699 shares during the period. Tidal Investments LLC’s holdings in Entergy were worth $40,866,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bell Investment Advisors Inc bought a new position in shares of Entergy in the 2nd quarter valued at approximately $28,000. Pingora Partners LLC acquired a new position in Entergy during the second quarter valued at approximately $30,000. Dynamic Wealth Strategies LLC bought a new position in shares of Entergy in the first quarter valued at approximately $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy in the first quarter worth $30,000. Finally, Union Savings Bank bought a new stake in shares of Entergy during the 4th quarter worth $28,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Truist Financial set a $122.00 target price on Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Entergy Stock Down 1.1%

NYSE ETR opened at $107.30 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The firm has a 50-day simple moving average of $109.90 and a 200 day simple moving average of $110.23. Entergy Corporation has a twelve month low of $86.90 and a twelve month high of $118.44. The stock has a market cap of $50.07 billion, a PE ratio of 27.51, a PEG ratio of 2.43 and a beta of 0.49.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS 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 firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were paid a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.