Ausbil Investment Management Ltd Has $14.62 Million Position in Entergy Corporation $ETR

Key Points

• Ausbil Investment Management increased its Entergy stake by 84.1% in the second quarter, bringing its holdings to 129,558 shares valued at $14.62 million. Entergy now represents 6.5% of Ausbil’s portfolio and is its largest holding.
• Analyst sentiment remains favorable, with 17 analysts rating Entergy a Buy, two a Hold and one a Sell. The stock has a “Moderate Buy” consensus rating and an average price target of $121.05.
• Entergy reported quarterly adjusted earnings of $1.03 per share, exceeding estimates of $1.01, while revenue reached $3.52 billion. The company also declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annualized yield.

Ausbil Investment Management Ltd lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 84.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,558 shares of the utilities provider's stock after acquiring an additional 59,170 shares during the period. Entergy makes up 6.5% of Ausbil Investment Management Ltd's portfolio, making the stock its largest holding. Ausbil Investment Management Ltd's holdings in Entergy were worth $14,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. E. Ohman J or Asset Management AB grew its position in Entergy by 19.6% during the second quarter. E. Ohman J or Asset Management AB now owns 17,087 shares of the utilities provider's stock worth $1,963,000 after buying an additional 2,800 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Entergy by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,132 shares of the utilities provider's stock valued at $1,508,000 after acquiring an additional 250 shares in the last quarter. Harrell Investment Partners LLC raised its holdings in Entergy by 7.0% in the 2nd quarter. Harrell Investment Partners LLC now owns 27,290 shares of the utilities provider's stock valued at $3,135,000 after acquiring an additional 1,779 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Entergy in the 2nd quarter worth approximately $216,000. Finally, Everpar Advisors LLC bought a new stake in shares of Entergy in the 2nd quarter worth approximately $217,000. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ETR shares. Jefferies Financial Group restated a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 target price on Entergy and gave the company an "outperform" rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Scotiabank reiterated a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Citigroup reissued a "neutral" rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.05.

Insiders Place Their Bets

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares of the company's stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Down 1.6%

Shares of ETR opened at $105.45 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $111.96 and a two-hundred day moving average price of $108.91. The stock has a market cap of $49.21 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

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

About Entergy

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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