Signet Financial Management LLC Increases Holdings in Entergy Corporation $ETR

Signet Financial Management LLC increased its stake in Entergy Corporation (NYSE:ETR) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,699 shares of the utilities provider’s stock after acquiring an additional 197 shares during the period. Signet Financial Management LLC’s holdings in Entergy were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Brighton Jones LLC boosted its holdings in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. Two Sigma Advisers LP purchased a new position in Entergy during the fourth quarter worth $1,592,000. Vise Technologies Inc. bought a new position in Entergy during the fourth quarter valued at $240,000. Toronto Dominion Bank raised its stake in shares of Entergy by 17.9% in the fourth quarter. Toronto Dominion Bank now owns 148,301 shares of the utilities provider’s stock valued at $11,244,000 after acquiring an additional 22,559 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in shares of Entergy in the 4th quarter worth about $33,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 1.5%

ETR opened at $90.26 on Friday. The stock’s fifty day moving average is $89.03 and its two-hundred day moving average is $84.87. The company has a market capitalization of $40.29 billion, a P/E ratio of 22.48, a PEG ratio of 2.49 and a beta of 0.61. Entergy Corporation has a 52 week low of $64.38 and a 52 week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Jefferies Financial Group assumed coverage on Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. JPMorgan Chase & Co. increased their price target on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Mizuho set a $97.00 price target on Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley cut their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.80.

About Entergy

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.