Chicago Capital LLC Boosts Position in Entergy Corporation $ETR

Chicago Capital LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 6,136 shares of the utilities provider’s stock after buying an additional 418 shares during the quarter. Chicago Capital LLC’s holdings in Entergy were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mattson Financial Services LLC boosted its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the first quarter valued at about $28,000. Atwood & Palmer Inc. lifted its stake in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. Grove Bank & Trust lifted its stake in Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Entergy in the 1st quarter valued at approximately $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent research reports. Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley reduced their target price on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Jefferies Financial Group began coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. Finally, Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $89.80.

Entergy Trading Down 0.4%

Shares of ETR stock opened at $93.18 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The firm has a market cap of $41.60 billion, a P/E ratio of 23.21, a PEG ratio of 2.54 and a beta of 0.61. Entergy Corporation has a 1-year low of $64.38 and a 1-year high of $93.92. The firm’s 50-day simple moving average is $89.37 and its 200-day simple moving average is $85.08.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the company earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio (DPR) is 59.85%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was 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 in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

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.