Entergy Corporation $ETR Shares Bought by Tema Etfs LLC

Tema Etfs LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 68.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 123,059 shares of the utilities provider’s stock after purchasing an additional 49,939 shares during the period. Entergy comprises approximately 0.9% of Tema Etfs LLC’s portfolio, making the stock its 23rd biggest holding. Tema Etfs LLC’s holdings in Entergy were worth $11,374,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Entergy by 1.9% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 43,221 shares of the utilities provider’s stock worth $3,995,000 after purchasing an additional 803 shares in the last quarter. Retireful LLC bought a new stake in Entergy during the fourth quarter worth approximately $640,000. BTC Capital Management Inc. grew its position in Entergy by 10.5% in the fourth quarter. BTC Capital Management Inc. now owns 49,581 shares of the utilities provider’s stock worth $4,579,000 after buying an additional 4,707 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Entergy by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,908 shares of the utilities provider’s stock worth $3,504,000 after buying an additional 371 shares during the last quarter. Finally, MFA Wealth Services increased its holdings in shares of Entergy by 36.5% in the fourth quarter. MFA Wealth Services now owns 3,946 shares of the utilities provider’s stock valued at $365,000 after buying an additional 1,055 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on ETR shares. TD Cowen began coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective for the company. UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Siebert Williams Shank assumed coverage on Entergy in a report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $109.17.

Entergy Stock Up 1.2%

Shares of NYSE:ETR opened at $113.72 on Thursday. The firm has a 50 day simple moving average of $102.68 and a 200 day simple moving average of $97.12. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $114.07. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The company has a market cap of $52.06 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.64.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s payout ratio is currently 65.47%.

About Entergy

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.