Deutsche Bank AG Invests $289.30 Million in Entergy Corporation $ETR

Deutsche Bank AG bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,518,745 shares of the utilities provider's stock, valued at approximately $289,303,000. Deutsche Bank AG owned 0.54% of Entergy at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider's stock worth $295,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Entergy by 9.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider's stock valued at $126,000 after buying an additional 92 shares during the last quarter. Aristotle Capital Management LLC grew its stake in shares of Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider's stock valued at $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC grew its stake in shares of Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider's stock valued at $481,000 after acquiring an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider's stock worth $352,000 after acquiring an additional 102 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. raised their price objective on Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Truist Financial set a $122.00 price objective on Entergy and gave the stock a "buy" rating in a report on Thursday, August 13th. Morgan Stanley set a $109.00 target price on Entergy in a research report on Wednesday, July 22nd. Finally, Scotiabank reiterated a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.05.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company'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 transaction of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares of the company's stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $108.28 on Wednesday. The firm has a market cap of $50.53 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The firm's 50-day simple moving average is $111.78 and its 200-day simple moving average is $109.43. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. 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 currently 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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