Odyssean LLC Buys New Position in Entergy Corporation $ETR

Odyssean LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, HoldingsChannel reports. The firm bought 10,313 shares of the utilities provider’s stock, valued at approximately $1,185,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. BlackRock Inc. bought a new position in shares of Entergy in the 2nd quarter worth $4,861,376,000. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares during the last quarter. Norges Bank bought a new stake in shares of Entergy during the 4th quarter worth $528,313,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Entergy in the second quarter worth $633,338,000. Finally, Legal & General Group Plc purchased a new position in Entergy in the second quarter worth $430,404,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. UBS Group reiterated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. BMO Capital Markets increased their price objective on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost 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 of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $107.26 on Thursday. The stock has a market cap of $50.05 billion, a PE ratio of 27.50, a PEG ratio of 1.81 and a beta of 0.50. The company’s fifty day moving average is $111.25 and its 200 day moving average is $109.86. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 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 earnings per share (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 business 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 year.

Entergy Dividend Announcement

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

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.