Pallas Capital Advisors LLC Takes $547,000 Position in Entergy Corporation $ETR

Pallas Capital Advisors LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,766 shares of the utilities provider’s stock, valued at approximately $547,000.

Several other institutional investors have also modified their holdings of ETR. Brighton Jones LLC boosted its stake in Entergy by 275.6% in 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 in the last quarter. Woodline Partners LP grew its position in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Entergy during the second quarter worth approximately $6,869,000. Brown Advisory Inc. increased its stake in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy during the second quarter worth about $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.1%

Shares of NYSE ETR opened at $108.01 on Thursday. The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The firm has a 50-day moving average price of $111.73 and a 200 day moving average price of $109.52. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued 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. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period last year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $109.00 target price on Entergy in a research note on Wednesday, July 22nd. Wells Fargo & Company upped their price target on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

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.