Retireful LLC Purchases Shares of 6,852 Entergy Corporation $ETR

Retireful LLC purchased a new stake in Entergy Corporation (NYSE:ETR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,852 shares of the utilities provider’s stock, valued at approximately $640,000.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP lifted its stake in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares in the last quarter. New York State Common Retirement Fund boosted its position in Entergy by 1.6% during the 2nd quarter. New York State Common Retirement Fund now owns 177,690 shares of the utilities provider’s stock worth $14,770,000 after acquiring an additional 2,786 shares during the last quarter. Lido Advisors LLC grew its stake in shares of Entergy by 1.1% during the 2nd quarter. Lido Advisors LLC now owns 13,765 shares of the utilities provider’s stock worth $1,144,000 after acquiring an additional 150 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Entergy by 10.3% during the 2nd quarter. Fisher Asset Management LLC now owns 3,723 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 347 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 1.2%

NYSE ETR opened at $113.72 on Thursday. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $114.07. 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 stock has a 50 day moving average of $102.68 and a 200-day moving average of $97.12. The company has a market cap of $52.06 billion, a PE ratio of 29.08, a PEG ratio of 2.22 and a beta of 0.64.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm 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 quarter in the previous year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is presently 65.47%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ETR shares. Morgan Stanley set a $98.00 price objective on shares of Entergy in a research report on Friday, February 20th. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. KeyCorp boosted their price target on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Mizuho increased their price objective on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

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.