TMB Capital Partners LLC Takes Position in Entergy Corporation $ETR

TMB Capital Partners LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, Holdings Channel reports. The fund acquired 35,236 shares of the utilities provider’s stock, valued at approximately $3,257,000. Entergy makes up about 1.1% of TMB Capital Partners LLC’s portfolio, making the stock its 20th biggest holding.

Several other large investors have also modified their holdings of ETR. Aristotle Capital Management LLC lifted its holdings in shares of Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares during the last quarter. MFA Wealth Services grew its stake in Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after buying an additional 107 shares during the last quarter. Oakworth Capital Inc. increased its position in Entergy by 7.6% during the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after buying an additional 109 shares during the period. Summit Financial LLC increased its position in Entergy by 4.7% during the fourth quarter. Summit Financial LLC now owns 2,510 shares of the utilities provider’s stock worth $232,000 after buying an additional 112 shares during the period. Finally, Cape Investment Advisory Inc. lifted its stake in Entergy by 2.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $111.08 on Friday. The firm’s fifty day moving average price is $112.20 and its 200 day moving average price is $103.88. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market cap of $50.86 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 65.31%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Wells Fargo & Company upped their target price on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.