Trivium Point Advisory LLC Raises Stake in Entergy Corporation $ETR

Trivium Point Advisory LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 258.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 61,853 shares of the utilities provider’s stock after acquiring an additional 44,610 shares during the period. Trivium Point Advisory LLC’s holdings in Entergy were worth $5,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its position in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Entergy by 15.4% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,742 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 498 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Entergy by 4.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 65,724 shares of the utilities provider’s stock worth $5,463,000 after acquiring an additional 3,045 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in Entergy by 3.7% during the second quarter. Flagship Harbor Advisors LLC now owns 8,276 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 293 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 1.3%

Shares of ETR stock opened at $107.05 on Friday. The company has a market capitalization of $48.49 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $97.12 and its two-hundred day moving average is $94.38. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.21.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the prior year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ETR has been the topic of several recent analyst reports. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. UBS Group reiterated a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. KeyCorp set a $102.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. Finally, Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

Entergy Company 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.