Banco Bilbao Vizcaya Argentaria S.A. Purchases 33,708 Shares of Entergy Corporation $ETR

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Entergy Corporation by 335.2% in Q1, acquiring an additional 33,708 shares, bringing its total holdings to 43,765 shares valued at $3.74 million.
• Multiple institutional investors, including Groupama Asset Management and HSBC Holdings PLC, also raised their positions in Entergy during the same quarter, indicating strong institutional interest in the stock.
• Entergy recently reported earnings of $1.05 per share, exceeding expectations, along with a quarterly dividend announcement of $0.60, reflecting a 2.7% yield for shareholders.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 335.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,765 shares of the utilities provider's stock after acquiring an additional 33,708 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Entergy were worth $3,747,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Groupama Asset Managment increased its position in shares of Entergy by 11.4% during the first quarter. Groupama Asset Managment now owns 502,784 shares of the utilities provider's stock worth $42,440,000 after acquiring an additional 51,424 shares during the period. Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Entergy during the first quarter worth approximately $6,974,000. Hsbc Holdings PLC increased its position in shares of Entergy by 17.3% during the first quarter. Hsbc Holdings PLC now owns 1,017,041 shares of the utilities provider's stock worth $86,639,000 after acquiring an additional 150,272 shares during the period. Quantbot Technologies LP purchased a new position in shares of Entergy during the first quarter worth approximately $3,495,000. Finally, Alpha Family Trust purchased a new position in shares of Entergy during the first quarter worth approximately $219,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy 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 value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

Entergy Price Performance

Shares of ETR opened at $89.8290 on Thursday. The company has a market cap of $40.10 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.42 and a beta of 0.57. Entergy Corporation has a twelve month low of $59.05 and a twelve month high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $85.54 and a two-hundred day moving average of $83.99.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period last year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETR. Morgan Stanley reduced their target price on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. KeyCorp reissued an "overweight" rating and set a $96.00 price objective (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, Barclays cut 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $88.07.

About Entergy

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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