241,506 Shares in Entergy Corporation $ETR Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 241,506 Entergy shares worth approximately $27.7 million, joining other institutions that increased their positions. Institutional investors now own 88.07% of the company.
• Analyst sentiment remains positive, with 17 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $120.84.
• Entergy exceeded quarterly earnings and revenue expectations, reported $1.03 in EPS on $3.52 billion in revenue, and announced a quarterly dividend of $0.64 per share, yielding about 2.4% annually.

Canada Pension Plan Investment Board acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 241,506 shares of the utilities provider's stock, valued at approximately $27,739,000. Canada Pension Plan Investment Board owned about 0.05% of Entergy at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Callan Family Office LLC purchased a new stake in shares of Entergy during the 2nd quarter valued at about $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider's stock worth $87,194,000 after acquiring an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock worth $20,265,000 after acquiring an additional 27,868 shares during the period. World Investment Advisors boosted its holdings in Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock worth $5,303,000 after acquiring an additional 38,195 shares during the period. Finally, Truist Financial Corp grew its position in Entergy by 9.0% in the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock valued at $225,481,000 after acquiring an additional 200,783 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ETR shares. Barclays reduced their target price on shares of Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on shares of Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Scotiabank reaffirmed a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Evercore reiterated an "outperform" rating and issued a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Finally, 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. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.84.

Entergy Stock Performance

Entergy stock opened at $105.77 on Friday. The stock has a market cap of $49.36 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.82 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. The stock has a 50 day moving average of $111.05 and a 200-day moving average of $109.89. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 2.4%. Entergy's payout ratio is presently 65.64%.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were 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 of the company's stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by insiders.

Entergy 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.

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