Oliver Luxxe Assets LLC Reduces Stock Position in Entergy Corporation $ETR

Oliver Luxxe Assets LLC reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,448 shares of the utilities provider’s stock after selling 5,226 shares during the quarter. Entergy makes up approximately 1.5% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 12th largest position. Oliver Luxxe Assets LLC’s holdings in Entergy were worth $9,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Everpar Advisors LLC purchased a new position in shares of Entergy during the second quarter valued at $217,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Entergy by 19.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 25,199 shares of the utilities provider’s stock valued at $2,894,000 after acquiring an additional 4,081 shares in the last quarter. Affinity Capital Advisors LLC lifted its stake in Entergy by 12.4% in the second quarter. Affinity Capital Advisors LLC now owns 2,163 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 238 shares during the period. Valeo Financial Advisors LLC lifted its stake in Entergy by 6.5% in the second quarter. Valeo Financial Advisors LLC now owns 9,518 shares of the utilities provider’s stock worth $1,093,000 after acquiring an additional 585 shares during the period. Finally, Czech National Bank grew its holdings in Entergy by 5.8% during the 2nd quarter. Czech National Bank now owns 130,332 shares of the utilities provider’s stock worth $14,970,000 after acquiring an additional 7,139 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

ETR opened at $107.26 on Friday. The firm has a market capitalization of $50.05 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The business’s 50-day moving average is $111.95 and its two-hundred day moving average is $108.74. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released 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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is presently 65.64%.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research reports. Barclays cut their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Evercore set a $123.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. KeyCorp reissued an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday. Finally, Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by company insiders.

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.