Foster & Motley Inc. Takes Position in Entergy Corporation $ETR

Foster & Motley Inc. purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,497 shares of the utilities provider's stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caliber Wealth Management LLC KS purchased a new position in shares of Entergy during the fourth quarter valued at $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Entergy by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider's stock worth $87,194,000 after acquiring an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock worth $20,265,000 after buying an additional 27,868 shares during the last quarter. World Investment Advisors increased its holdings in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock valued at $5,303,000 after acquiring an additional 38,195 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock valued at $225,481,000 after purchasing an additional 200,783 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of the company's stock in a transaction dated 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 owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. 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 purchased 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by company insiders.

Entergy Stock Performance

Shares of ETR stock opened at $108.01 on Thursday. The company's fifty day simple moving average is $111.73 and its 200-day simple moving average is $109.52. 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 firm has a market cap of $50.40 billion, a PE ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

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

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent analyst reports. Truist Financial set a $122.00 price objective on Entergy and gave the stock a "buy" rating in a research note on Thursday, August 13th. Evercore reiterated an "outperform" rating and issued a $128.00 price target on shares of Entergy in a research report on Monday. JPMorgan Chase & Co. increased their target price on Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BMO Capital Markets raised their price target on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Entergy from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, August 5th. Seventeen equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.05.

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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