20,612 Shares in Entergy Corporation $ETR Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 20,612 shares of Entergy Corporation, valued at approximately $1,717,000, as per its recent SEC filing.
• The current consensus rating for Entergy is "Moderate Buy", with an average price target set at $89.87 according to equities research analysts.
• Entergy recently announced a quarterly dividend of $0.60 per share, resulting in an annualized yield of 2.7%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,612 shares of the utilities provider's stock, valued at approximately $1,717,000.

Several other institutional investors and hedge funds have also modified their holdings of ETR. Mattson Financial Services LLC lifted its position in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after buying an additional 150 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy in the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC acquired a new position in Entergy in the 4th quarter worth about $30,000. Finally, Grove Bank & Trust increased its holdings in Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after purchasing an additional 230 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's 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 completion of the sale, the insider owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Entergy in a report on Thursday, September 4th. They issued a "buy" rating and a $109.00 target price for the company. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Barclays lowered their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, 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. Twelve equities 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.87.

Entergy Trading Up 0.5%

Shares of ETR stock opened at $90.32 on Friday. The stock has a market cap of $40.32 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.44 and a beta of 0.61. The stock has a 50-day moving average of $87.76 and a 200-day moving average of $84.55. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 1-year low of $62.31 and a 1-year high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last released its 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 business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Entergy Profile

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.

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