Aberdeen Group plc Has $28.63 Million Position in Entergy Corporation $ETR

Key Points

• Aberdeen Group plc increased its stake in Entergy Corporation by 91.8% in Q1, owning 338,636 shares valued at approximately $28.6 million.
• Entergy reported $1.05 earnings per share for the last quarter, surpassing estimates of $0.91, with a revenue of $3.02 billion.
• The company announced a quarterly dividend of $0.60, reflecting an annualized yield of 2.7% and a payout ratio of 59.85%.

Aberdeen Group plc increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 91.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 338,636 shares of the utilities provider's stock after acquiring an additional 162,097 shares during the period. Aberdeen Group plc owned about 0.08% of Entergy worth $28,625,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Entergy by 5.2% during the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Entergy by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after buying an additional 5,368,396 shares during the last quarter. Capital International Investors raised its stake in shares of Entergy by 103.6% during the fourth quarter. Capital International Investors now owns 7,773,654 shares of the utilities provider's stock worth $589,389,000 after buying an additional 3,956,122 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Entergy by 58.8% during the fourth quarter. Capital Research Global Investors now owns 6,375,510 shares of the utilities provider's stock worth $483,391,000 after buying an additional 2,359,445 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of ETR traded down $0.6510 during trading hours on Thursday, hitting $89.1790. The company had a trading volume of 1,422,732 shares, compared to its average volume of 3,536,571. Entergy Corporation has a 12 month low of $59.05 and a 12 month high of $92.40. The firm has a market cap of $39.81 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.42 and a beta of 0.57. The business has a fifty day moving average of $85.54 and a 200-day moving average of $83.99. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given a $0.60 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy's payout ratio is 59.85%.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. KeyCorp reissued an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Finally, Barclays lowered their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.14.

Entergy Company 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.