Amundi Grows Stock Holdings in Entergy Corporation $ETR

Key Points

• Amundi increased its stake in Entergy Corporation by 6.8% in Q1, now holding 644,823 shares valued at approximately $54.85 million.
• Entergy recently reported quarterly earnings of $1.05 per share, surpassing analysts' expectations of $0.91, while revenue totaled $3.02 billion, below the forecast of $3.11 billion.
• Entergy announced a quarterly dividend of $0.60 per share, reflecting a 2.7% yield based on a payout ratio of 59.85%.

Amundi lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 644,823 shares of the utilities provider's stock after acquiring an additional 40,775 shares during the quarter. Amundi owned approximately 0.15% of Entergy worth $54,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Brighton Jones LLC boosted its holdings in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after acquiring an additional 6,733 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Entergy by 110.9% during the fourth quarter. Baird Financial Group Inc. now owns 64,165 shares of the utilities provider's stock worth $4,865,000 after acquiring an additional 33,745 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Entergy by 93.6% during the fourth quarter. Captrust Financial Advisors now owns 66,256 shares of the utilities provider's stock worth $5,024,000 after acquiring an additional 32,035 shares during the period. BOKF NA boosted its holdings in shares of Entergy by 98.1% during the fourth quarter. BOKF NA now owns 4,046 shares of the utilities provider's stock worth $308,000 after acquiring an additional 2,004 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Entergy by 111.5% during the fourth quarter. Cetera Investment Advisers now owns 224,519 shares of the utilities provider's stock worth $17,023,000 after acquiring an additional 118,350 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm'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 transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ETR has been the subject of several recent research reports. Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial initiated coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. Barclays reduced their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.87.

Entergy Stock Up 0.5%

NYSE:ETR traded up $0.46 on Friday, hitting $90.32. The stock had a trading volume of 2,082,846 shares, compared to its average volume of 2,388,549. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market cap of $40.32 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.44 and a beta of 0.61. Entergy Corporation has a 1 year low of $62.31 and a 1 year high of $92.40. The firm's fifty day simple moving average is $87.76 and its two-hundred day simple moving average is $84.55.

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, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.7%. Entergy's dividend payout ratio (DPR) is presently 59.85%.

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.