Entergy Corporation $ETR Shares Acquired by Friedenthal Financial

Friedenthal Financial lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 1.9% during the second quarter, Holdings Channel.com reports. The fund owned 11,339 shares of the utilities provider’s stock after purchasing an additional 210 shares during the period. Friedenthal Financial’s holdings in Entergy were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ETR. Brighton Jones LLC increased its stake 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 valued at $696,000 after acquiring an additional 6,733 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Entergy during the first quarter worth approximately $266,000. Gateway Investment Advisers LLC boosted its holdings in Entergy by 22.7% during the first quarter. Gateway Investment Advisers LLC now owns 3,481 shares of the utilities provider’s stock worth $298,000 after buying an additional 645 shares in the last quarter. UMB Bank n.a. boosted its holdings in Entergy by 2.8% during the first quarter. UMB Bank n.a. now owns 11,095 shares of the utilities provider’s stock worth $949,000 after buying an additional 303 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Entergy by 13.6% during the first quarter. Capital Investment Advisors LLC now owns 8,067 shares of the utilities provider’s stock worth $690,000 after buying an additional 967 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ETR shares. Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Friday. KeyCorp restated an “overweight” rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Entergy Stock Down 1.6%

ETR stock opened at $95.90 on Wednesday. Entergy Corporation has a 12-month low of $64.38 and a 12-month high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.65 and a beta of 0.62. The company has a 50 day moving average of $90.09 and a two-hundred day moving average of $85.45.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Entergy’s dividend payout ratio is presently 59.85%.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.