Caisse de depot et placement du Quebec Acquires New Shares in Entergy Corporation $ETR

Key Points

• Caisse de dépôt et placement du Québec acquired 11,113 Entergy shares worth approximately $1.28 million during the second quarter. Institutional investors collectively own 88.07% of Entergy.
• Analysts remain broadly positive, with 17 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $120.84.
• Entergy exceeded quarterly earnings expectations with adjusted EPS of $1.03 and revenue of $3.52 billion, while declaring a quarterly dividend of $0.64 per share, equivalent to a 2.4% annualized yield.

Caisse de depot et placement du Quebec acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,113 shares of the utilities provider's stock, valued at approximately $1,276,000.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc purchased a new stake in shares of Entergy in the 2nd quarter worth about $28,000. Dynamic Wealth Strategies LLC purchased a new position in Entergy during the 1st quarter valued at about $30,000. Fairway Wealth LLC acquired a new position in Entergy during the first quarter worth about $30,000. Washington Trust Advisors Inc. raised 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 worth $26,000 after acquiring an additional 154 shares during the last quarter. Finally, Union Savings Bank acquired a new position in Entergy during the fourth quarter worth about $28,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ETR shares. JPMorgan Chase & Co. increased their price target 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. Evercore restated an "outperform" rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Barclays reduced their target price on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. BTIG Research reiterated a "buy" rating and set a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Finally, Scotiabank reissued a "sector outperform" rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

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

Entergy Price Performance

Entergy stock opened at $105.77 on Monday. The stock has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.81 and a beta of 0.50. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm's 50-day moving average is $111.05 and its two-hundred day moving average is $109.98.

Entergy (NYSE:ETR - Get Free Report) last posted 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. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Entergy Profile

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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