Amundi Buys 534,204 Shares of Entergy Corporation $ETR

Amundi lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 67.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,329,571 shares of the utilities provider's stock after acquiring an additional 534,204 shares during the period. Amundi owned 0.28% of Entergy worth $152,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Union Savings Bank acquired a new position in Entergy in the 4th quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in Entergy during the 2nd quarter worth $28,000. Fairway Wealth LLC bought a new stake in Entergy during the first quarter valued at about $30,000. Dynamic Wealth Strategies LLC bought a new position in shares of Entergy in the first quarter worth about $30,000. Finally, Pingora Partners LLC acquired a new position in shares of Entergy during the 2nd quarter worth about $30,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director owned 3,423 shares of the company's stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company's stock.

Entergy Stock Up 1.2%

Shares of NYSE ETR opened at $108.52 on Wednesday. Entergy Corporation has a 52-week low of $86.49 and a 52-week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The business has a fifty day moving average of $110.01 and a two-hundred day moving average of $110.20. The stock has a market cap of $50.64 billion, a PE ratio of 27.83, a PEG ratio of 2.40 and a beta of 0.49.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio is currently 65.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays lowered their target price on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. BTIG Research reiterated a "buy" rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Truist Financial set a $122.00 price target on Entergy and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Morgan Stanley set a $105.00 price target on Entergy and gave the company an "equal weight" rating in a report on Friday, August 21st. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.84.

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.

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