TCM Advisors LLC Acquires Shares of 5,600 Entergy Corporation $ETR

TCM Advisors LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,600 shares of the utilities provider’s stock, valued at approximately $643,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Entergy in the 2nd quarter worth $4,861,376,000. JPMorgan Chase & Co. grew its stake in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the period. Norges Bank bought a new stake in Entergy in the fourth quarter valued at about $528,313,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Entergy in the second quarter valued at about $633,338,000. Finally, Deutsche Bank AG acquired a new position in Entergy in the second quarter valued at about $289,303,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Citigroup reiterated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. BTIG Research reissued a “buy” rating and set a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Finally, Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $104.56 on Monday. The stock’s fifty day simple moving average is $111.55 and its 200 day simple moving average is $109.66. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $48.79 billion, a PE ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

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.