Entergy Corporation $ETR Stock Position Raised by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Entergy Corporation by 25.2% in Q1, owning 129,088 shares worth approximately $11 million.
• Entergy recently declared a quarterly dividend of $0.60 per share, representing an annual yield of 2.7% with a payout ratio of 59.85%.
• Analyst ratings for Entergy are generally positive, with a consensus rating of "Moderate Buy" and an average price target of $88.07.

Credit Agricole S A raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 25.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,088 shares of the utilities provider's stock after purchasing an additional 25,970 shares during the period. Credit Agricole S A's holdings in Entergy were worth $11,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Entergy by 335.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 43,765 shares of the utilities provider's stock valued at $3,747,000 after purchasing an additional 33,708 shares during the period. Groupama Asset Managment boosted its stake in Entergy by 11.4% during the 1st quarter. Groupama Asset Managment now owns 502,784 shares of the utilities provider's stock valued at $42,440,000 after purchasing an additional 51,424 shares during the period. Van Lanschot Kempen Investment Management N.V. acquired a new position in Entergy during the 1st quarter valued at about $6,974,000. Hsbc Holdings PLC boosted its stake in Entergy by 17.3% during the 1st quarter. Hsbc Holdings PLC now owns 1,017,041 shares of the utilities provider's stock valued at $86,639,000 after purchasing an additional 150,272 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Entergy during the 1st quarter valued at about $3,495,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company's stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ETR has been the subject of a number of analyst reports. KeyCorp reissued an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.14.

Entergy Price Performance

ETR stock traded up $0.0090 on Friday, hitting $89.2290. 2,029,222 shares of the company's stock traded hands, compared to its average volume of 2,715,099. Entergy Corporation has a 1-year low of $59.05 and a 1-year high of $92.40. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.43 and a beta of 0.57. The stock has a fifty day moving average of $85.81 and a 200-day moving average of $84.10. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

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

Entergy Dividend Announcement

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

Entergy Company Profile

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.