Scientech Research LLC Buys 637 Shares of Entergy Corporation $ETR

Scientech Research LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 6.1% during the 1st quarter, Holdings Channel reports. The fund owned 11,098 shares of the utilities provider’s stock after purchasing an additional 637 shares during the period. Scientech Research LLC’s holdings in Entergy were worth $949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ETR. Vanguard Group Inc. lifted its holdings in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after purchasing an additional 2,695,348 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock valued at $1,126,244,000 after purchasing an additional 289,468 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Entergy by 80.9% during the 4th quarter. Royal Bank of Canada now owns 4,673,139 shares of the utilities provider’s stock valued at $354,317,000 after purchasing an additional 2,089,169 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Entergy by 3.4% during the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock worth $370,488,000 after buying an additional 143,187 shares during the period. Finally, Millennium Management LLC increased its position in shares of Entergy by 474.0% in the 4th quarter. Millennium Management LLC now owns 3,876,985 shares of the utilities provider’s stock valued at $293,953,000 after acquiring an additional 3,201,530 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ETR. Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. Morgan Stanley set a $86.00 target price on Entergy and gave the company an “outperform” rating in a research report on Thursday, August 21st. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. KeyCorp reaffirmed an “overweight” rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $89.87.

Entergy Trading Down 0.5%

Shares of Entergy stock opened at $87.74 on Monday. The firm has a market capitalization of $39.17 billion, a PE ratio of 21.85, a P/E/G ratio of 2.39 and a beta of 0.61. Entergy Corporation has a twelve month low of $60.00 and a twelve month high of $92.40. The firm’s 50-day moving average price is $87.14 and its 200 day moving average price is $84.42. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period last year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 13th. Entergy’s payout ratio is currently 59.85%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.