5,413 Shares in Entergy Corporation $ETR Acquired by Prudential PLC

Key Points

• Prudential PLC invested approximately $463,000 in Entergy Corporation, acquiring 5,413 shares in the first quarter.
• Entergy recently declared a quarterly dividend of $0.60, representing a 2.7% dividend yield with a payout ratio of 59.85%.
• Wall Street analysts have given Entergy an average rating of "Moderate Buy" with an average target price of $88.07.

Prudential PLC purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,413 shares of the utilities provider's stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 180 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy during the first quarter valued at $28,000. Fourth Dimension Wealth LLC bought a new position in shares of Entergy during the fourth quarter valued at $30,000. Grove Bank & Trust increased its holdings in Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after buying an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Entergy in the 1st quarter worth about $32,000. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company's stock, valued at $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

Entergy Stock Performance

Shares of ETR stock traded up $1.0190 during trading hours on Wednesday, reaching $89.8290. 2,620,558 shares of the company traded hands, compared to its average volume of 3,553,161. Entergy Corporation has a 12-month low of $59.05 and a 12-month high of $92.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The company has a market cap of $40.10 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.39 and a beta of 0.57. The firm has a 50-day moving average price of $85.39 and a 200 day moving average price of $83.95.

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. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ETR shares. Mizuho set a $97.00 price objective on Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $88.07.

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.