Tema ETFs LLC Raises Stake in Entergy Corporation $ETR

Tema ETFs LLC raised its holdings in Entergy Corporation (NYSE:ETR) by 41.8% during the second quarter, HoldingsChannel reports. The firm owned 261,561 shares of the utilities provider’s stock after buying an additional 77,126 shares during the period. Entergy comprises about 1.0% of Tema ETFs LLC’s investment portfolio, making the stock its 28th biggest holding. Tema ETFs LLC’s holdings in Entergy were worth $30,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ETR. Vanguard Group Inc. boosted its stake in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after buying an additional 589,317 shares during the period. State Street Corp increased its position in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after acquiring an additional 1,018,503 shares during the period. JPMorgan Chase & Co. raised its stake in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the last quarter. Bank of America Corp DE raised its stake in Entergy by 5.3% during the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after acquiring an additional 870,847 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after acquiring an additional 126,625 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE ETR opened at $106.45 on Wednesday. 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 business’s 50 day moving average is $111.94 and its two-hundred day moving average is $108.98. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The stock has a market capitalization of $49.67 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.80 and a beta of 0.50.

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, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Morgan Stanley set a $109.00 price target on Entergy in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday. Wells Fargo & Company boosted their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction 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 trade represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

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.