Fox Run Management L.L.C. Makes New $1 Million Investment in Entergy Corporation $ETR

Fox Run Management L.L.C. acquired a new stake in Entergy Corporation (NYSE:ETR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,778 shares of the utilities provider’s stock, valued at approximately $1,004,000.

Other hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC raised its stake in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Entergy in the 2nd quarter valued at approximately $30,000. Physician Wealth Advisors Inc. raised its position in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Hantz Financial Services Inc. lifted its stake in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the second quarter worth $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Citigroup boosted their price target on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Argus set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Finally, Siebert Williams Shank began coverage on shares of Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $106.11.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.6%

Shares of NYSE:ETR opened at $105.64 on Friday. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.18. The company’s 50 day moving average is $96.81 and its two-hundred day moving average is $94.26. The company has a market cap of $47.85 billion, a PE ratio of 27.02, a P/E/G ratio of 2.10 and a beta of 0.65. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period last year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be issued a $0.64 dividend. The ex-dividend date is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is presently 65.47%.

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.