Pallas Capital Advisors LLC Has $406,000 Stock Position in Entergy Corporation $ETR

Pallas Capital Advisors LLC lowered its stake in Entergy Corporation (NYSE:ETR) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,882 shares of the utilities provider’s stock after selling 168 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Entergy were worth $406,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Divergent Planning LLC acquired a new position in shares of Entergy during the second quarter worth about $519,000. Fiduciary Alliance LLC boosted its position in shares of 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 buying an additional 1,507 shares during the period. Czech National Bank boosted its position in shares of 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 buying an additional 10,608 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entergy during the second quarter worth about $266,000. Finally, Davis Investment Partners LLC boosted its position in shares of Entergy by 3.4% during the second quarter. Davis Investment Partners LLC now owns 7,287 shares of the utilities provider’s stock worth $601,000 after buying an additional 243 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ETR. Morgan Stanley set a $86.00 price target on Entergy and gave the company an “outperform” rating in a research note on Thursday, August 21st. Jefferies Financial Group began coverage on Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Barclays decreased their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. KeyCorp restated an “overweight” rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Finally, Mizuho set a $97.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.87.

Entergy Stock Performance

Shares of Entergy stock opened at $88.67 on Friday. Entergy Corporation has a one year low of $63.95 and a one year high of $92.40. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.41 and a beta of 0.61. The business has a 50-day simple moving average of $88.46 and a 200 day simple moving average of $84.63. 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 issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

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.