B. Metzler seel. Sohn & Co. AG acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,135 shares of the utilities provider's stock, valued at approximately $1,164,000.
Several other large investors have also bought and sold shares of ETR. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider's stock worth $87,194,000 after purchasing an additional 38,742 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock valued at $20,265,000 after purchasing an additional 27,868 shares during the period. World Investment Advisors grew its stake in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock worth $5,303,000 after purchasing an additional 38,195 shares during the period. Truist Financial Corp increased its holdings in Entergy by 9.0% in the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock worth $225,481,000 after purchasing an additional 200,783 shares in the last quarter. Finally, WealthShield Partners LLC bought a new stake in Entergy in the fourth quarter worth approximately $1,057,000. 88.07% of the stock is owned by institutional investors.
Insider Activity at Entergy
In related news, Director Ralph Lewis Ropp bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company's stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. 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 owned by insiders.
Wall Street Analysts Forecast Growth
ETR has been the topic of a number of research analyst reports. Morgan Stanley set a $105.00 price target on Entergy and gave the stock an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Jefferies Financial Group reissued a "buy" rating on shares of Entergy in a research note on Wednesday, June 10th. Evercore reiterated an "outperform" rating and set a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Finally, Citigroup reissued a "neutral" rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.84.
Read Our Latest Research Report on Entergy
Entergy Stock Performance
Shares of ETR stock opened at $104.56 on Monday. The firm has a market capitalization of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The firm has a fifty day simple moving average of $111.55 and a two-hundred day simple moving average of $109.66. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. 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 analysts' consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.
Entergy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy's dividend payout ratio (DPR) is currently 65.64%.
Entergy Profile
(
Free Report)
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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