Entergy Corporation $ETR Holdings Raised by Groupama Asset Managment

Key Points

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Groupama Asset Managment boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 11.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 502,784 shares of the utilities provider's stock after acquiring an additional 51,424 shares during the period. Groupama Asset Managment owned 0.12% of Entergy worth $42,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Choreo LLC lifted its holdings in Entergy by 12.3% in the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock valued at $816,000 after purchasing an additional 1,042 shares in the last quarter. First American Trust FSB purchased a new position in shares of Entergy during the 1st quarter worth about $3,896,000. J.W. Cole Advisors Inc. purchased a new position in shares of Entergy during the 1st quarter worth about $1,073,000. Cambridge Investment Research Advisors Inc. raised its holdings in Entergy by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after buying an additional 15,892 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in Entergy by 85.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider's stock valued at $317,000 after buying an additional 1,931 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.39% of the company's stock.

Entergy Stock Performance

ETR stock traded up $0.0090 during mid-day trading on Friday, reaching $89.2290. The company had a trading volume of 2,029,222 shares, compared to its average volume of 2,715,099. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $39.83 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.43 and a beta of 0.57. Entergy Corporation has a one year low of $59.05 and a one year high of $92.40. The stock's 50-day simple moving average is $85.81 and its two-hundred day simple moving average is $84.09.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period last year, the business posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho set a $97.00 price target on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Morgan Stanley decreased their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Barclays decreased their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, BMO Capital Markets raised their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.14.

Entergy 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.