AMF Tjanstepension AB Buys Shares of 372,393 Entergy Corporation $ETR

Key Points

• AMF Tjanstepension AB has acquired a new position in Entergy Corporation, purchasing 372,393 shares valued at approximately $30.97 million, representing about 0.09% of the company.
• Insider Haley Fisackerly sold 4,463 shares of Entergy, decreasing their ownership by 57.36% and suggesting potential shifts in insider confidence.
• Thirteen analysts currently rate Entergy stock as a "Buy," with a target price averaging around $91.33, indicating positive market sentiment.

AMF Tjanstepension AB purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 372,393 shares of the utilities provider's stock, valued at approximately $30,969,000. AMF Tjanstepension AB owned approximately 0.09% of Entergy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after buying an additional 6,733 shares during the period. Merit Financial Group LLC increased its holdings in shares of Entergy by 28.0% in the first quarter. Merit Financial Group LLC now owns 10,029 shares of the utilities provider's stock worth $857,000 after acquiring an additional 2,196 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Entergy during the first quarter worth about $49,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Entergy during the 1st quarter valued at about $266,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Entergy by 61.4% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,090 shares of the utilities provider's stock valued at $264,000 after purchasing an additional 1,176 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 target price on the stock. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Entergy in a research report on Saturday, September 27th. Morgan Stanley lowered their target price on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average target price of $91.33.

Entergy Stock Up 2.0%

Shares of ETR stock opened at $95.41 on Friday. The firm's fifty day moving average price is $89.72 and its two-hundred day moving average price is $85.28. 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 $64.38 and a 1 year high of $96.61. The firm has a market capitalization of $42.59 billion, a P/E ratio of 23.76, a PEG ratio of 2.55 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the prior year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Entergy's dividend payout ratio is currently 59.85%.

About Entergy

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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