Tema ETFs LLC Grows Stock Position in Entergy Corporation $ETR

Tema ETFs LLC increased its stake in shares of Entergy Corporation (NYSE:ETR) by 41.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,561 shares of the utilities provider’s stock after purchasing an additional 77,126 shares during the quarter. Entergy accounts for 1.0% of Tema ETFs LLC’s holdings, making the stock its 28th largest holding. Tema ETFs LLC owned about 0.06% of Entergy worth $30,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares in the last quarter. Norges Bank acquired a new stake in Entergy in the fourth quarter valued at approximately $528,313,000. Morgan Stanley lifted its stake in Entergy by 22.9% in the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after acquiring an additional 1,986,369 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Entergy by 89.6% in the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after acquiring an additional 1,826,782 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in Entergy during the 4th quarter worth approximately $153,616,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ETR. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Sunday. 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 stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Entergy Stock Up 0.8%

Shares of NYSE:ETR opened at $106.45 on Wednesday. The company has a market capitalization of $49.67 billion, a PE ratio of 27.30, a P/E/G ratio of 1.80 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The firm has a 50 day simple moving average of $111.94 and a 200-day simple moving average of $108.98.

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

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Entergy Company 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.