Entergy Corporation $ETR Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Entergy stake by 702.8% in the second quarter, bringing its holdings to 307,613 shares valued at approximately $35.3 million. Institutional investors and hedge funds collectively own 88.07% of Entergy.
• Analysts remain broadly positive on Entergy, with 17 Buy ratings, two Holds and one Sell. The stock has a consensus “Moderate Buy” rating and an average price target of $121.05.
• Entergy exceeded quarterly earnings and revenue expectations, reporting $1.03 in EPS and $3.52 billion in revenue. The company also declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annualized yield.

Assenagon Asset Management S.A. lifted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 702.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,613 shares of the utilities provider's stock after acquiring an additional 269,294 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Entergy worth $35,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Brighton Jones LLC lifted its holdings in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after buying an additional 6,733 shares during the period. Woodline Partners LP boosted its stake in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider's stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new stake in Entergy during the second quarter worth about $6,869,000. Brown Advisory Inc. grew its holdings in Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider's stock worth $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Entergy during the second quarter valued at approximately $17,225,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ETR shares. BMO Capital Markets boosted their price target on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Entergy from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday. Evercore set a $123.00 target price on shares of Entergy in a report on Wednesday, June 10th. BTIG Research reiterated a "buy" rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company increased their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.05.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company's stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director 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. Company insiders own 0.21% of the company's stock.

Entergy Price Performance

Shares of Entergy stock opened at $107.26 on Friday. The firm has a market cap of $50.05 billion, a PE ratio of 27.50, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average price of $111.95 and a 200 day moving average price of $108.74.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy's dividend payout ratio (DPR) is 65.64%.

Entergy Company Profile

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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