Miller Howard Investments Inc. NY Buys 6,612 Shares of Entergy Corporation $ETR

Key Points

• Miller Howard Investments Inc. NY increased its holdings in Entergy Corporation by acquiring an additional 6,612 shares, bringing its total ownership to 608,244 shares, which represent about 1.6% of its portfolio.
• Recent price targets for Entergy stock from analysts include $97.00 from Mizuho, with an average consensus target price of $89.87 reflecting a "Moderate Buy" rating.
• Entergy declared a quarterly dividend of $0.60 per share, translating to an annualized dividend of $2.40 and a yield of 2.7%.

Miller Howard Investments Inc. NY increased its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 608,244 shares of the utilities provider's stock after buying an additional 6,612 shares during the period. Entergy comprises approximately 1.6% of Miller Howard Investments Inc. NY's holdings, making the stock its 25th biggest position. Miller Howard Investments Inc. NY owned 0.14% of Entergy worth $50,557,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after buying an additional 2,695,348 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 2.2% in the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock valued at $1,126,244,000 after purchasing an additional 289,468 shares during the last quarter. Northern Trust Corp boosted its stake in Entergy by 3.4% during the 1st quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider's stock worth $370,488,000 after acquiring an additional 143,187 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Entergy by 15.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider's stock worth $284,380,000 after buying an additional 454,059 shares during the period. Finally, Boston Partners raised its holdings in Entergy by 0.4% during the 1st quarter. Boston Partners now owns 3,229,814 shares of the utilities provider's stock worth $276,101,000 after buying an additional 14,068 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ETR shares. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Jefferies Financial Group initiated coverage on Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 price objective on the stock. KeyCorp reissued an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.87.

Entergy Price Performance

Shares of NYSE:ETR traded up $0.63 during trading on Tuesday, hitting $89.87. 428,362 shares of the stock were exchanged, compared to its average volume of 3,407,481. The company has a fifty day moving average price of $88.59 and a two-hundred day moving average price of $84.71. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a market cap of $40.12 billion, a PE ratio of 22.34, a P/E/G ratio of 2.41 and a beta of 0.61. Entergy Corporation has a 12-month low of $64.38 and a 12-month high of $92.40.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy's dividend payout ratio is presently 59.85%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company's stock.

Entergy Company 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.