Entergy Corporation $ETR Shares Acquired by Fox Hill Wealth Management

Fox Hill Wealth Management boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,042 shares of the utilities provider’s stock after purchasing an additional 823 shares during the period. Fox Hill Wealth Management’s holdings in Entergy were worth $1,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Entergy by 55.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,804 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 1,714 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Entergy during the second quarter valued at approximately $204,000. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Entergy during the first quarter valued at approximately $1,717,000. Inspire Investing LLC raised its holdings in shares of Entergy by 4.2% during the first quarter. Inspire Investing LLC now owns 42,629 shares of the utilities provider’s stock valued at $3,644,000 after acquiring an additional 1,707 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Entergy during the first quarter valued at approximately $30,007,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction 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 transaction, the insider owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Mizuho set a $97.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial assumed coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.87.

Entergy Stock Up 0.5%

Entergy stock opened at $90.32 on Friday. The firm has a market cap of $40.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.44 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm’s 50 day moving average price is $87.76 and its two-hundred day moving average price is $84.54. Entergy Corporation has a twelve month low of $62.31 and a twelve month high of $92.40.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy’s dividend payout ratio is 59.85%.

Entergy Company Profile

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.