Forty three Eighteen Advisors LLC Makes New Investment in Entergy Corporation $ETR

Forty three Eighteen Advisors LLC purchased a new stake in Entergy Corporation (NYSE:ETR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,975 shares of the utilities provider’s stock, valued at approximately $1,199,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. Brighton Jones LLC lifted its position in shares of Entergy by 275.6% during the 4th 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 period. Woodline Partners LP grew its holdings in 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 period. Marshall Wace LLP bought a new stake in Entergy in the second quarter valued at $6,869,000. Brown Advisory Inc. increased its stake in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Entergy during the second quarter valued at about $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETR. Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Argus upped their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Barclays cut their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. BMO Capital Markets set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Entergy Stock Performance

Shares of Entergy stock opened at $111.08 on Friday. The company has a market cap of $50.86 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The business has a 50 day moving average price of $112.13 and a 200-day moving average price of $103.93. 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 (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s 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.