Groupe la Francaise Increases Stock Holdings in Entergy Corporation $ETR

Key Points

• Groupe la Francaise dramatically increased its Entergy stake by 7,556.7% in the second quarter, acquiring 319,346 additional shares to hold 323,572 shares worth approximately $37.2 million.
• Entergy reported quarterly EPS of $1.03, exceeding analysts’ $1.01 estimate, while revenue reached $3.52 billion. The company maintained annual EPS guidance of $4.25–$4.45.
• Entergy pays a quarterly dividend of $0.64, equivalent to a 2.4% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $120.84, compared with a share price of $107.16.

Groupe la Francaise grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 7,556.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,572 shares of the utilities provider's stock after purchasing an additional 319,346 shares during the period. Groupe la Francaise owned about 0.07% of Entergy worth $37,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Entergy by 3.6% during 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. increased its holdings in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider's stock worth $126,000 after purchasing an additional 92 shares during the period. Aristotle Capital Management LLC boosted its stake in shares of Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider's stock valued at $211,000 after buying an additional 96 shares during the period. Founders Financial Securities LLC boosted its stake in shares of Entergy by 2.5% in the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider's stock valued at $481,000 after buying an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group grew 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 buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $107.16 on Monday. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The firm has a market capitalization of $50.00 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.40 and a beta of 0.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company's fifty day moving average price is $110.32 and its 200 day moving average price is $110.14.

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

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent research reports. BTIG Research reiterated a "buy" rating and issued a $126.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Morgan Stanley set a $105.00 price target on Entergy and gave the stock an "equal weight" rating in a report on Friday, August 21st. Truist Financial set a $122.00 price objective on Entergy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.84.

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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