Royal Fund Management LLC Has $2.98 Million Holdings in Entergy Corporation $ETR

Royal Fund Management LLC grew its position in shares of Entergy Corporation (NYSE:ETR) by 30.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,000 shares of the utilities provider’s stock after purchasing an additional 7,400 shares during the quarter. Royal Fund Management LLC’s holdings in Entergy were worth $2,982,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Capital A Wealth Management LLC boosted its position in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Entergy in the 2nd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 2nd quarter valued at about $31,000. Finally, Brown Lisle Cummings Inc. grew its stake in Entergy by 105.6% during the second quarter. Brown Lisle Cummings Inc. now owns 518 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 266 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Up 0.8%

Entergy stock opened at $96.48 on Monday. The firm has a market capitalization of $43.09 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. The firm’s fifty day moving average price is $93.91 and its two-hundred day moving average price is $91.69. Entergy Corporation has a 1-year low of $75.55 and a 1-year high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the business posted $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. Entergy’s payout ratio is presently 63.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $91.00 price objective on shares of Entergy in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. reduced their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.97.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the purchase, the director directly owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is owned by corporate insiders.

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.