Gallo Partners LP Takes Position in Entergy Corporation $ETR

Gallo Partners LP bought a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 28,634 shares of the utilities provider’s stock, valued at approximately $3,289,000. Entergy accounts for about 7.3% of Gallo Partners LP’s holdings, making the stock its 2nd biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Investor s Fiduciary Advisor Network LLC acquired a new stake in Entergy in the 2nd quarter worth about $225,000. TCM Advisors LLC acquired a new position in shares of Entergy during the 2nd quarter valued at about $643,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Entergy during the 2nd quarter valued at about $3,754,000. Sanctuary Advisors LLC purchased a new position in shares of Entergy during the 2nd quarter worth about $13,313,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Entergy during the 2nd quarter worth about $409,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.1%

Shares of NYSE:ETR opened at $104.56 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The stock has a market capitalization of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. The stock has a 50-day simple moving average of $111.55 and a 200-day simple moving average of $109.66.

Entergy (NYSE:ETR) last posted 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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents 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. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Truist Financial set a $122.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Evercore reaffirmed an “outperform” rating and set a $128.00 price target on shares of Entergy in a research note on Monday, August 17th. Citigroup reiterated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Company 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.