Pallas Capital Advisors LLC Buys Shares of 4,766 Entergy Corporation $ETR

Pallas Capital Advisors LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,766 shares of the utilities provider’s stock, valued at approximately $547,000.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake 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 valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in Entergy in the 4th quarter valued at about $528,313,000. Deutsche Bank AG purchased a new position in Entergy in the 2nd quarter valued at about $289,303,000. Bank of New York Mellon Corp acquired a new stake in shares of Entergy during the 2nd quarter worth about $277,819,000. Finally, Morgan Stanley boosted its stake in shares of Entergy by 22.9% during the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after purchasing an additional 1,986,369 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

ETR opened at $108.01 on Thursday. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a 50 day moving average of $111.73 and a two-hundred day moving average of $109.52. The company has a market cap of $50.40 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

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

Entergy Announces Dividend

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

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s 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 transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ETR. BTIG Research reissued a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Morgan Stanley set a $109.00 target price on shares of Entergy in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, UBS Group restated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.05.

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.