MGO One Seven LLC Grows Stake in Entergy Corporation $ETR

MGO One Seven LLC lifted its position in Entergy Corporation (NYSE:ETR) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,869 shares of the utilities provider’s stock after purchasing an additional 12,703 shares during the period. MGO One Seven LLC’s holdings in Entergy were worth $4,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. United Community Bank boosted its stake in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after buying an additional 130 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.2%

NYSE ETR opened at $111.85 on Friday. The stock’s 50-day moving average price is $109.94 and its 200-day moving average price is $100.76. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 52 week low of $79.40 and a 52 week high of $118.44. The company has a market capitalization of $51.21 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter last year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ETR shares. Jefferies Financial Group restated a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. Argus upped their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. UBS Group restated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Morgan Stanley set a $98.00 price objective on Entergy in a research note on Friday, February 20th. Finally, Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.11.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate 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.