Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,513,999 shares of the utilities provider's stock, valued at approximately $633,338,000. Entergy comprises approximately 1.9% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 9th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.18% of Entergy as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. United Community Bank raised its stake in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock valued at $26,000 after buying an additional 154 shares during the period. Union Savings Bank bought a new position in shares of Entergy during the fourth quarter valued at about $28,000. Bell Investment Advisors Inc bought a new stake in shares of Entergy in the 2nd quarter valued at about $28,000. Finally, Fairway Wealth LLC bought a new position in Entergy during the 1st quarter worth approximately $30,000. Institutional investors own 88.07% of the company's stock.
Entergy Stock Performance
ETR stock opened at $104.56 on Monday. The stock's 50 day simple moving average is $111.55 and its 200 day simple moving average is $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. The stock 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.
Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.
Entergy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio is 65.64%.
Analyst Ratings Changes
A number of research firms recently commented on ETR. Morgan Stanley set a $105.00 price target on shares of Entergy and gave the company an "equal weight" rating in a report on Friday. Truist Financial set a $122.00 target price on Entergy and gave the company a "buy" rating in a report on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Entergy in a report on Wednesday, June 10th. BTIG Research reaffirmed a "buy" rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Barclays decreased their price target on shares of Entergy from $124.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.84.
Check Out Our Latest Research Report on Entergy
Insider Buying and Selling
In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.
Entergy Company 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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