Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $2.57 Million Stake in Entergy Corporation $ETR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Entergy Corporation (NYSE:ETR) by 8.2% in the second quarter, Holdings Channel reports. The institutional investor owned 30,858 shares of the utilities provider’s stock after buying an additional 2,340 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Entergy were worth $2,565,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mattson Financial Services LLC increased its stake in Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. increased its stake in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. Grove Bank & Trust increased its stake in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Entergy in the first quarter valued at approximately $32,000. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETR shares. KeyCorp reissued an “overweight” rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. 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. Morgan Stanley decreased their target price on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.33.

Entergy Stock Performance

Shares of Entergy stock opened at $95.41 on Friday. 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 Corporation has a twelve month low of $64.38 and a twelve month high of $96.61. The stock has a market cap of $42.59 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.55 and a beta of 0.62. The company’s fifty day moving average is $89.72 and its 200 day moving average is $85.28.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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 net margin of 14.35% and a return on equity of 11.52%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Entergy’s payout ratio is currently 59.85%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider owned 3,318 shares of the company’s stock, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Entergy 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.