39,964 Shares in Entergy Corporation $ETR Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, HoldingsChannel reports. The fund bought 39,964 shares of the utilities provider’s stock, valued at approximately $4,590,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. United Capital Financial Advisors LLC purchased a new position in Entergy during the 2nd quarter worth approximately $2,798,000. Bank OZK purchased a new stake in shares of Entergy in the 2nd quarter valued at $838,000. Equitable Holdings Inc. acquired a new stake in shares of Entergy in the second quarter worth $1,430,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Entergy in the second quarter worth $24,157,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Entergy during the second quarter worth $446,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.7%

ETR stock opened at $106.49 on Tuesday. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The firm’s fifty day moving average is $110.94 and its 200 day moving average is $110.02. The firm has a market cap of $49.69 billion, a PE ratio of 27.31, a P/E/G ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Analysts Set New Price Targets

ETR has been the subject of a number of research reports. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Morgan Stanley set a $105.00 price objective on Entergy and gave the company an “equal weight” rating in a research note on Friday, August 21st. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. JPMorgan Chase & Co. upped their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets raised their target price on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s 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 transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

About Entergy

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.