Procyon Advisors LLC Has $407,000 Stake in Entergy Corporation $ETR

Procyon Advisors LLC grew its position in Entergy Corporation (NYSE:ETR) by 45.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,895 shares of the utilities provider’s stock after buying an additional 1,537 shares during the quarter. Procyon Advisors LLC’s holdings in Entergy were worth $407,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ETR. Mattson Financial Services LLC lifted its stake in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Glen Eagle Advisors LLC raised its holdings in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after buying an additional 180 shares in the last quarter. Atwood & Palmer Inc. lifted its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy in the first quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC bought a new position in Entergy in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price for the company. Barclays cut their target price on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Finally, KeyCorp restated an “overweight” rating and set a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $89.87.

Entergy Price Performance

Shares of ETR opened at $87.84 on Friday. Entergy Corporation has a 52-week low of $63.18 and a 52-week high of $92.40. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The business’s 50 day moving average price is $88.33 and its two-hundred day moving average price is $84.60. The firm has a market cap of $39.21 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts anticipate 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 Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s payout ratio is 59.85%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.