Livforsakringsbolaget Skandia Omsesidigt Takes $266,000 Position in Entergy Corporation $ETR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt invested approximately $266,000 in Entergy Corporation by purchasing 3,200 shares during the 2nd quarter, as reported in their 13F filing.
• Multiple institutional investors have increasingly invested in Entergy, with Brighton Jones LLC's position rising by 275.6% in the last quarter, now owning over $696,000 worth of shares.
• Entergy's recent earnings report showed a profit of $1.05 per share, surpassing analysts' expectations, and the company has projected its FY 2025 earnings to be between $3.750-$3.95 per share.

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,200 shares of the utilities provider's stock, valued at approximately $266,000.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC grew its position in shares of 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 buying an additional 1,042 shares during the last quarter. First American Trust FSB bought a new position in shares of Entergy during the 1st quarter worth approximately $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Entergy by 26.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider's stock worth $8,219,000 after buying an additional 19,862 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Entergy by 369.8% during the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider's stock worth $7,352,000 after buying an additional 67,696 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Entergy during the 1st quarter worth approximately $1,073,000. Institutional investors own 88.07% of the company's stock.

Entergy Stock Up 1.0%

Shares of Entergy stock traded up $0.84 on Friday, hitting $88.67. The company had a trading volume of 4,786,567 shares, compared to its average volume of 3,430,336. The stock has a market capitalization of $39.58 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.40 and a beta of 0.61. Entergy Corporation has a 1 year low of $63.95 and a 1 year high of $92.40. The stock has a 50 day moving average of $88.33 and a 200-day moving average of $84.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates 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 company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy's payout ratio is currently 59.85%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ETR. KeyCorp restated an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Jefferies Financial Group began coverage on Entergy in a research note on Thursday, September 4th. They set a "buy" rating and a $109.00 price target on the stock. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Finally, Raymond James Financial began coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and an average price target of $89.87.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.

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.