Greenland Capital Management LP Acquires Shares of 112,146 Entergy Corporation $ETR

Greenland Capital Management LP acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, Holdings Channel reports. The fund acquired 112,146 shares of the utilities provider’s stock, valued at approximately $12,881,000. Entergy comprises 1.6% of Greenland Capital Management LP’s investment portfolio, making the stock its 10th largest position.

Several other large investors have also modified their holdings of ETR. Brighton Jones LLC lifted its holdings 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 during the period. Woodline Partners LP raised its position in 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 buying an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy in the 2nd quarter worth $6,869,000. Brown Advisory Inc. boosted its holdings in shares of Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Entergy during the second quarter worth about $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $104.56 on Friday. The stock has a fifty day moving average price of $111.55 and a 200 day moving average price of $109.57. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The firm has a market capitalization of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is 65.64%.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ETR. BTIG Research restated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Morgan Stanley set a $105.00 price objective on shares of Entergy and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.84.

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.