Tema Etfs LLC Boosts Position in Entergy Corporation $ETR

Tema Etfs LLC grew its holdings in Entergy Corporation (NYSE:ETR) by 35.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,120 shares of the utilities provider’s stock after acquiring an additional 19,012 shares during the period. Tema Etfs LLC’s holdings in Entergy were worth $6,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETR. Atwood & Palmer Inc. lifted its position in Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the period. Capital A Wealth Management LLC raised its stake in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Entergy in the second quarter worth about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Entergy during the second quarter worth about $31,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 2.6%

Shares of NYSE:ETR opened at $93.56 on Monday. The business’s 50 day moving average price is $94.05 and its 200-day moving average price is $91.24. Entergy Corporation has a 1 year low of $75.04 and a 1 year high of $98.58. The firm has a market capitalization of $41.78 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The company had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is 63.21%.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. KeyCorp set a $102.00 price target on Entergy and gave the company an “overweight” rating in a report on Friday, December 12th. Morgan Stanley set a $91.00 target price on shares of Entergy in a research note on Thursday, November 20th. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.19.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is owned by corporate insiders.

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.