Cardinal Capital Management Inc. Boosts Stake in Entergy Corporation $ETR

Key Points

• Cardinal Capital Management increased its Entergy stake by 8.2% in the second quarter to 323,483 shares valued at approximately $37.2 million. Institutional investors collectively own 88.07% of Entergy.
• Entergy reported quarterly EPS of $1.03, exceeding analysts’ $1.01 estimate, while revenue reached $3.52 billion. The company maintained fiscal 2026 EPS guidance of $4.25–$4.45.
• Entergy declared a quarterly dividend of $0.64 per share, equivalent to an annualized $2.56 payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $121.05.

Cardinal Capital Management Inc. lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 8.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 323,483 shares of the utilities provider's stock after acquiring an additional 24,483 shares during the period. Cardinal Capital Management Inc. owned approximately 0.07% of Entergy worth $37,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. United Community Bank raised its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank purchased a new position in shares of Entergy in the 4th quarter worth about $28,000. Fairway Wealth LLC purchased a new position in shares of Entergy in the 1st quarter worth about $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Entergy during the 1st quarter valued at about $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the firm's 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 directly owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Entergy Stock Up 0.8%

Shares of NYSE:ETR opened at $106.45 on Wednesday. The stock has a market capitalization of $49.67 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.80 and a beta of 0.50. The stock's 50-day moving average price is $111.94 and its 200-day moving average price is $108.98. 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 earnings results 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 return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy's dividend payout ratio (DPR) is 65.64%.

Analyst Ratings Changes

ETR has been the topic of a number of research reports. Evercore set a $123.00 price objective on 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 note on Wednesday, June 10th. Scotiabank reiterated a "sector outperform" rating on shares of Entergy in a research report on Wednesday, June 10th. KeyCorp reissued an "overweight" rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Finally, Morgan Stanley set a $109.00 price objective on shares of Entergy in a report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.05.

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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