Galaxy Digital Capital Management GP LLC Invests $637,000 in Entergy Corporation $ETR

Galaxy Digital Capital Management GP LLC acquired a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 5,542 shares of the utilities provider’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also bought and sold shares of ETR. Bell Investment Advisors Inc bought a new stake in shares of Entergy in the second quarter valued at $28,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Entergy during the 1st quarter valued at $30,000. Fairway Wealth LLC bought a new position in shares of Entergy during the 1st quarter worth $30,000. United Community Bank grew its stake in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Finally, Washington Trust Advisors Inc. increased its holdings in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Shares of ETR opened at $106.28 on Wednesday. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The stock’s 50-day simple moving average is $111.32 and its 200 day simple moving average is $109.79. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50.

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

Insider Activity at Entergy

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ETR. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. BMO Capital Markets lifted their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Barclays lowered their price target 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. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

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.