Tema Etfs LLC Buys New Position in Entergy Corporation $ETR

Tema Etfs LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,896 shares of the utilities provider’s stock, valued at approximately $2,983,000.

Several other hedge funds also recently modified their holdings of the stock. Acropolis Investment Management LLC boosted its position in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 129 shares during the last quarter. Gen Wealth Partners Inc boosted its position in shares of Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after buying an additional 144 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Entergy by 18.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 165 shares during the last quarter. Horizon Investments LLC boosted its position in Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock worth $854,000 after purchasing an additional 176 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its position in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.0%

Shares of Entergy stock opened at $89.56 on Thursday. The company’s 50-day moving average price is $86.31 and its 200-day moving average price is $84.23. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.44 and a beta of 0.57. Entergy Corporation has a 12-month low of $59.05 and a 12-month high of $92.40.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy’s dividend payout ratio is 59.85%.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ETR shares. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Raymond James Financial began coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Finally, Morgan Stanley set a $86.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Entergy Company Profile

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.