Entergy Corporation $ETR Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Entergy Corporation by 10.8%, acquiring an additional 10,608 shares, bringing its total holdings to 109,100 shares valued at approximately $9 million.
• Several institutional investors, including Vanguard Group and UBS Asset Management, also raised their positions in Entergy, contributing to a total institutional ownership of 88.07% in the company.
• Analysts have given Entergy a consensus rating of “Moderate Buy” with a target price of $89.87, while recent performance indicated earnings of $1.05 per share, exceeding expectations for the previous quarter.

Czech National Bank lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,100 shares of the utilities provider's stock after purchasing an additional 10,608 shares during the quarter. Czech National Bank's holdings in Entergy were worth $9,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Choreo LLC grew its position in Entergy by 12.3% in the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock worth $816,000 after acquiring an additional 1,042 shares in the last quarter. First American Trust FSB purchased a new position in shares of Entergy during the first quarter valued at approximately $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider's stock valued at $8,219,000 after buying an additional 19,862 shares during the period. Empowered Funds LLC boosted its position in shares of Entergy by 369.8% during the first quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider's stock valued at $7,352,000 after buying an additional 67,696 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Entergy during the first quarter valued at approximately $1,073,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Shares of ETR traded up $0.84 during mid-day trading on Friday, hitting $88.67. 4,786,567 shares of the company were exchanged, compared to its average volume of 2,318,942. The stock has a market cap of $39.58 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. Entergy Corporation has a 1-year low of $63.95 and a 1-year high of $92.40. The company has a 50 day moving average of $88.46 and a 200-day moving average of $84.63.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share 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 analysts' expectations of $3.11 billion. During the same quarter in the prior year, the company posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Analyst Ratings Changes

ETR has been the subject of a number of research reports. Morgan Stanley set a $86.00 price target on Entergy and gave the company an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Jefferies Financial Group initiated coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective for the company. Finally, KeyCorp reissued an "overweight" rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.87.

Insider Buying and Selling at Entergy

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 transaction, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

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.