Clearwave Capital LLC Acquires New Holdings in Entergy Corporation $ETR

Clearwave Capital LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,499 shares of the utilities provider’s stock, valued at approximately $508,000.

A number of other institutional investors also recently modified their holdings of ETR. Brighton Jones LLC increased its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy in the second quarter valued at about $6,869,000. Brown Advisory Inc. raised its holdings in Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Entergy during the second quarter worth about $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In related news, 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 transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

ETR has been the subject of a number of analyst reports. Truist Financial set a $127.00 price target on Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. BMO Capital Markets set a $123.00 price objective on Entergy in a report on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Morgan Stanley set a $94.00 price target on shares of Entergy in a research report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Stock Performance

ETR opened at $111.08 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The business has a 50 day moving average of $112.13 and a 200-day moving average of $103.93. The stock has a market cap of $50.86 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.90 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is currently 65.31%.

Entergy 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.