Entergy Corporation $ETR Shares Purchased by Balefire LLC

Balefire LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,277 shares of the utilities provider’s stock after acquiring an additional 4,995 shares during the period. Balefire LLC’s holdings in Entergy were worth $2,244,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. DAVENPORT & Co LLC lifted its stake in Entergy by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 5,715 shares of the utilities provider’s stock worth $528,000 after purchasing an additional 1,200 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of Entergy by 20.0% in the fourth quarter. Daymark Wealth Partners LLC now owns 3,575 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 597 shares in the last quarter. Focus Financial Network Inc. increased its holdings in shares of Entergy by 5.7% in the fourth quarter. Focus Financial Network Inc. now owns 4,908 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 264 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Entergy during the fourth quarter worth approximately $78,000. Finally, Avanza Fonder AB purchased a new position in Entergy during the fourth quarter worth approximately $108,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Wells Fargo & Company lifted their target price on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, UBS Group reiterated a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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, the company has an average rating of “Moderate Buy” and an average target price of $107.17.

Entergy Price Performance

NYSE:ETR opened at $102.40 on Wednesday. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.93. The stock’s fifty day moving average is $101.10 and its two-hundred day moving average is $96.32. The company has a market capitalization of $46.39 billion, a P/E ratio of 26.19, a P/E/G ratio of 2.00 and a beta of 0.64. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65.

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

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given 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 2.5%. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

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.