Mather Group LLC. Raises Position in Entergy Corporation $ETR

Mather Group LLC. grew its holdings in Entergy Corporation (NYSE:ETR) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,950 shares of the utilities provider’s stock after acquiring an additional 535 shares during the period. Mather Group LLC.’s holdings in Entergy were worth $993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Mattson Financial Services LLC raised its position in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. increased its stake in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy in the first quarter valued at approximately $28,000. Grove Bank & Trust raised its holdings in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Entergy in the first quarter worth approximately $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ETR shares. Morgan Stanley reduced their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. KeyCorp reaffirmed an “overweight” rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $89.80.

Entergy Trading Down 1.5%

ETR opened at $90.26 on Friday. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.49 and a beta of 0.61. Entergy Corporation has a 52 week low of $64.38 and a 52 week high of $92.40. The business’s 50 day moving average is $89.03 and its two-hundred day moving average is $84.87. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the company 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 year.

Entergy Announces Dividend

The firm also recently announced 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.