Legal & General Group Plc Acquires Shares of 3,747,209 Entergy Corporation $ETR

Key Points

• Legal & General Group Plc acquired 3.75 million Entergy shares during the second quarter, valued at approximately $430.4 million and representing about 0.80% of the utility company.
• Entergy exceeded quarterly expectations with $1.03 in EPS and $3.52 billion in revenue, while maintaining fiscal 2026 EPS guidance of $4.25–$4.45. The company also announced a quarterly dividend of $0.64 per share, yielding approximately 2.4% annually.
• Institutional investors own 88.07% of Entergy, and Wall Street maintains a “Moderate Buy” consensus with an average price target of $120.84, above the reported share price of $106.28.

Legal & General Group Plc bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,747,209 shares of the utilities provider's stock, valued at approximately $430,404,000. Legal & General Group Plc owned approximately 0.80% of Entergy as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Callan Family Office LLC bought a new stake in shares of Entergy during the 2nd quarter worth approximately $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 valued at $87,194,000 after acquiring an additional 38,742 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock valued at $20,265,000 after acquiring an additional 27,868 shares during the last quarter. World Investment Advisors raised its position in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock valued at $5,303,000 after purchasing an additional 38,195 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock worth $225,481,000 after purchasing an additional 200,783 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

NYSE ETR opened at $106.28 on Wednesday. The firm's fifty day moving average price is $111.32 and its two-hundred day moving average price is $109.79. The stock has a market cap of $49.59 billion, a PE ratio of 27.25, a PEG ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $3.49 billion. During the same period in the prior year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price 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 $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ETR shares. Mizuho set a $122.00 target price on Entergy and gave the company an "outperform" rating in a report on Wednesday, June 10th. BTIG Research reissued a "buy" rating and set a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Citigroup restated a "neutral" rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. UBS Group reaffirmed a "buy" rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, BMO Capital Markets lifted their target price on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Entergy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.