Oliver Luxxe Assets LLC Reduces Position in Entergy Corporation $ETR

Oliver Luxxe Assets LLC decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,448 shares of the utilities provider’s stock after selling 5,226 shares during the quarter. Entergy comprises 1.5% of Oliver Luxxe Assets LLC’s holdings, making the stock its 12th biggest position. Oliver Luxxe Assets LLC’s holdings in Entergy were worth $9,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares during the last quarter. State Street Corp raised its stake in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after acquiring an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Bank of America Corp DE lifted its position in Entergy by 5.3% during the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after acquiring an additional 870,847 shares during the period. Finally, Geode Capital Management LLC grew its stake in Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after purchasing an additional 126,625 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the topic of a number of research reports. Citigroup reissued a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their target price on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, UBS Group reissued a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Entergy Stock Up 0.7%

Shares of ETR opened at $107.26 on Friday. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.83 and a beta of 0.50. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The stock’s 50-day moving average price is $111.95 and its 200-day moving average price is $108.74. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is 65.64%.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, 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. 0.21% of the stock is currently owned by company insiders.

Entergy 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.