Belpointe Asset Management LLC Has $371,000 Stock Position in Entergy Corporation $ETR

Belpointe Asset Management LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 72.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,339 shares of the utilities provider’s stock after buying an additional 1,818 shares during the period. Belpointe Asset Management LLC’s holdings in Entergy were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Integrity Alliance LLC. acquired a new position in Entergy during the first quarter valued at $1,069,000. Ransom Advisory Ltd acquired a new position in Entergy during the first quarter valued at $41,000. Advisory Alpha LLC acquired a new position in Entergy during the first quarter valued at $201,000. Bayforest Capital Ltd increased its position in Entergy by 1,707.7% in the 1st quarter. Bayforest Capital Ltd now owns 3,525 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 3,330 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Entergy by 15.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock worth $284,380,000 after purchasing an additional 454,059 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Entergy Trading Up 0.5%

ETR stock opened at $90.32 on Monday. The business has a fifty day moving average price of $87.76 and a 200 day moving average price of $84.53. Entergy Corporation has a fifty-two week low of $62.31 and a fifty-two week high of $92.40. The stock has a market capitalization of $40.32 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.46 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 59.85%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. KeyCorp reiterated an “overweight” rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Jefferies Financial Group initiated coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Finally, Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $89.87.

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.