Diversified Management Inc. Purchases New Shares in Entergy Corporation $ETR

Key Points

• Diversified Management acquired 10,056 Entergy shares during the third quarter, valued at approximately $998,000. Institutional investors and hedge funds collectively own 88.07% of Entergy.
• Analysts remain broadly bullish, with 17 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $120.47.
• Entergy reported quarterly EPS of $1.03, slightly above expectations, and maintains a quarterly dividend of $0.64 per share, equivalent to a 2.5% yield.

Diversified Management Inc. acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,056 shares of the utilities provider's stock, valued at approximately $998,000.

A number of other institutional investors have also made changes to their positions in ETR. BlackRock Inc. purchased a new stake in shares of Entergy during the second quarter worth about $4,861,376,000. Bank of America Corp DE purchased a new position in Entergy in the second quarter valued at about $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Entergy during the 2nd quarter valued at approximately $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Entergy by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider's stock valued at $452,681,000 after purchasing an additional 161,411 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Entergy during the 2nd quarter worth approximately $430,404,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other news, insider Laura Landreaux sold 5,600 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore reaffirmed an "outperform" rating and issued a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. BMO Capital Markets upped their target price on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Truist Financial set a $122.00 price target on Entergy and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold 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 $120.47.

Entergy Stock Performance

ETR stock opened at $102.31 on Friday. Entergy Corporation has a 1 year low of $90.87 and a 1 year high of $118.44. The stock has a market capitalization of $47.74 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.30 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock's fifty day moving average is $104.75 and its two-hundred day moving average is $109.71.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.5%. Entergy's dividend payout ratio (DPR) is presently 65.64%.

Entergy Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

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