5,970 Shares in Entergy Corporation $ETR Acquired by Castleark Management LLC

Castleark Management LLC purchased a new stake in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,970 shares of the utilities provider’s stock, valued at approximately $686,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP grew its position in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares during the period. Marshall Wace LLP acquired a new stake in Entergy during the second quarter worth $6,869,000. Brown Advisory Inc. increased its stake in Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Entergy in the second quarter valued at $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citigroup reaffirmed a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Evercore reissued an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research note on Monday, August 17th. Finally, Morgan Stanley set a $105.00 price objective on shares of Entergy and gave the stock an “equal weight” rating in a research report on Friday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Up 1.0%

Shares of ETR opened at $107.26 on Thursday. The company’s 50-day simple moving average is $111.25 and its 200-day simple moving average is $109.86. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The stock has a market capitalization of $50.05 billion, a PE ratio of 27.50, a P/E/G ratio of 1.81 and a beta of 0.50.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given 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 dividend yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

About Entergy

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.