Entergy Corporation $ETR Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. grew its stake in Entergy Corporation (NYSE:ETR) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,615 shares of the utilities provider’s stock after purchasing an additional 263 shares during the period. Focus Financial Network Inc.’s holdings in Entergy were worth $384,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Procyon Advisors LLC grew its holdings in Entergy by 45.8% during the second quarter. Procyon Advisors LLC now owns 4,895 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 1,537 shares during the period. Divergent Planning LLC acquired a new position in Entergy during the second quarter worth $519,000. Fiduciary Alliance LLC grew its holdings in Entergy by 60.2% during the second quarter. Fiduciary Alliance LLC now owns 4,012 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 1,507 shares during the period. Czech National Bank grew its holdings in Entergy by 10.8% during the second quarter. Czech National Bank now owns 109,100 shares of the utilities provider’s stock worth $9,068,000 after acquiring an additional 10,608 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Entergy during the second quarter worth $266,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Mizuho set a $97.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Finally, Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $89.87.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of NYSE:ETR opened at $88.67 on Friday. The firm has a market capitalization of $39.58 billion, a PE ratio of 22.08, a P/E/G ratio of 2.41 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. The business has a 50-day moving average of $88.46 and a two-hundred day moving average of $84.63. Entergy Corporation has a 12 month low of $63.95 and a 12 month high of $92.40.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current 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 $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio is currently 59.85%.

About Entergy

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.