25,384 Shares in Entergy Corporation $ETR Purchased by Dockside LLC

Dockside LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,384 shares of the utilities provider’s stock, valued at approximately $2,916,000.

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

Entergy Stock Performance

ETR stock opened at $107.76 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $50.28 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The firm has a 50 day moving average of $111.80 and a two-hundred day moving average of $109.17.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on ETR shares. UBS Group restated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Barclays cut their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Seventeen equities 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.79.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.