MGO One Seven LLC Has $3.84 Million Position in Entergy Corporation $ETR

MGO One Seven LLC grew its stake in Entergy Corporation (NYSE:ETR) by 177.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 41,166 shares of the utilities provider’s stock after buying an additional 26,306 shares during the period. MGO One Seven LLC’s holdings in Entergy were worth $3,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Entergy by 3.0% in the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after acquiring an additional 1,630,674 shares during the last quarter. State Street Corp lifted its position in shares of Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after purchasing an additional 981,750 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after purchasing an additional 479,093 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock valued at $930,541,000 after purchasing an additional 505,344 shares during the last quarter. Finally, Boston Partners increased its position in shares of Entergy by 114.9% during the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after buying an additional 3,710,814 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Entergy stock opened at $94.29 on Wednesday. Entergy Corporation has a 52 week low of $75.55 and a 52 week high of $98.58. The company’s 50 day moving average price is $93.95 and its two-hundred day moving average price is $91.41. The stock has a market cap of $42.11 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.09 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same period last year, the business posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ETR shares. Bank of America boosted their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up previously from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Finally, Mizuho upped their price target on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $103.19.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock worth $981,707 in the last ninety days. Company insiders own 0.47% of the company’s stock.

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.