CORDA Investment Management LLC. Purchases Shares of 14,972 Entergy Corporation $ETR

Key Points

• CORDA Investment Management acquired 14,972 Entergy shares in the second quarter, valued at approximately $1.72 million. Institutional investors collectively own 88.07% of the company.
• Analysts maintain a generally positive view of Entergy, with 17 Buy ratings, two Holds and one Sell; the consensus rating is “Moderate Buy” with a $120.79 price target.
• Entergy reported quarterly EPS of $1.03, exceeding estimates by $0.02, and revenue of $3.52 billion. The company also declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annualized yield.

CORDA Investment Management LLC. purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,972 shares of the utilities provider's stock, valued at approximately $1,720,000.

Other institutional investors have also recently made changes to their positions in the company. United Community Bank increased its position in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its position in Entergy by 119.4% in 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 in the last quarter. Union Savings Bank bought a new position in Entergy in the fourth quarter valued at $28,000. Fairway Wealth LLC bought a new position in Entergy in the first quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Entergy during the first quarter valued at about $30,000. Institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction that occurred on 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 approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ETR shares. Mizuho set a $122.00 price objective on Entergy and gave the stock an "outperform" rating in a report on Wednesday, June 10th. Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Scotiabank restated a "sector outperform" rating on shares of Entergy in a research 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. Finally, 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. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.79.

Entergy Stock Up 0.8%

Shares of NYSE:ETR opened at $107.76 on Friday. The stock's 50-day moving average price is $111.80 and its 200-day moving average price is $109.17. 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 $50.28 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. 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 (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 Announces Dividend

The business 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 $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 payout ratio is 65.64%.

About Entergy

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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