Baird Financial Group Inc. Increases Position in Entergy Corporation $ETR

Key Points

• Baird Financial Group Inc. increased its stake in Entergy Corporation by 23.6%, bringing its total holdings to 79,332 shares valued at approximately $6.78 million.
• Analysts have varying price targets for Entergy, with Mizuho setting an objective at $97.00, while Morgan Stanley and Barclays outlined $86.00 and $87.00 respectively, indicating a generally positive outlook.
• Entergy recently declared a quarterly dividend of $0.60 per share, yielding 2.8% annually, with a payout ratio of 59.85%.

Baird Financial Group Inc. boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,332 shares of the utilities provider's stock after acquiring an additional 15,167 shares during the period. Baird Financial Group Inc.'s holdings in Entergy were worth $6,782,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ETR. Acropolis Investment Management LLC grew its stake in shares of Entergy by 0.7% in the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after buying an additional 129 shares during the period. Gen Wealth Partners Inc grew its stake in shares of Entergy by 27.5% in the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after buying an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after buying an additional 165 shares during the period. Horizon Investments LLC grew its stake in shares of Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after buying an additional 176 shares during the period. Finally, Glen Eagle Advisors LLC grew its stake in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ETR shares. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating 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. Morgan Stanley set a $86.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Barclays decreased their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.50.

Entergy Price Performance

Shares of ETR opened at $87.15 on Thursday. Entergy Corporation has a twelve month low of $60.00 and a twelve month high of $92.40. The firm's fifty day simple moving average is $86.91 and its 200-day simple moving average is $84.41. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.40 and a beta of 0.61. 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 (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Insider Transactions at Entergy

In other Entergy 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 transaction of $403,901.50. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.47% of the company's stock.

Entergy 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.

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