Empirical Asset Management LLC Takes Position in Entergy Corporation $ETR

Empirical Asset Management LLC acquired a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel reports. The fund acquired 5,154 shares of the utilities provider’s stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Entergy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after purchasing an additional 589,317 shares during the period. BlackRock Inc. purchased a new position in shares of Entergy during the 2nd quarter worth $4,861,376,000. State Street Corp increased its position in shares of Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the period. Finally, Bank of America Corp DE raised its holdings in Entergy by 5.3% in the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after buying an additional 870,847 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on ETR. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Barclays decreased their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their target price on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Evercore reissued an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research report on Monday. Finally, Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Stock Down 0.2%

Shares of ETR opened at $108.28 on Wednesday. The company’s 50-day simple moving average is $111.78 and its 200-day simple moving average is $109.43. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The stock has a market capitalization of $50.53 billion, a PE ratio of 27.76, a P/E/G ratio of 1.84 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. 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 previous year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is 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%.

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.