NEOS Investment Management LLC Boosts Stake in Entergy Corporation $ETR

NEOS Investment Management LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,463 shares of the utilities provider’s stock after buying an additional 10,036 shares during the quarter. NEOS Investment Management LLC’s holdings in Entergy were worth $8,438,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Entergy by 9.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC boosted its stake in shares of Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ETR. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Evercore reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research note on Monday, August 17th. Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a report on Friday, August 21st. Finally, Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Entergy Stock Down 0.6%

Shares of NYSE:ETR opened at $107.16 on Friday. The stock has a 50-day simple moving average of $110.32 and a 200-day simple moving average of $110.10. The stock has a market capitalization of $50.00 billion, a P/E ratio of 27.48, a PEG ratio of 2.40 and a beta of 0.49. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. 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 (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm 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 last year, the firm posted $1.05 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were issued a dividend of $0.64 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

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.