Resolution Capital Ltd Acquires 18,820 Shares of Entergy Corporation $ETR

Key Points

• Resolution Capital Ltd increased its holdings in Entergy Corporation by **35.5%**, now owning a total of **71,779 shares** valued at approximately **$6.1 million**.
• Analysts show positive sentiment towards Entergy, with twelve giving it a **Buy rating** and a consensus price target of **$89.87**.
• Entergy recently announced a quarterly dividend of **$0.60**, representing a **2.7% yield** and a payout ratio of **59.85%**.

Resolution Capital Ltd lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 35.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,779 shares of the utilities provider's stock after acquiring an additional 18,820 shares during the quarter. Entergy makes up about 0.1% of Resolution Capital Ltd's portfolio, making the stock its 26th biggest holding. Resolution Capital Ltd's holdings in Entergy were worth $6,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETR. Glen Eagle Advisors LLC boosted its stake in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy during the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC bought a new position in shares of Entergy during the 4th quarter worth approximately $30,000. Grove Bank & Trust boosted its stake in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after acquiring an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Entergy during the 1st quarter worth approximately $32,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on ETR shares. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating for the company. Jefferies Financial Group started coverage on Entergy in a report on Thursday. They set a "buy" rating and a $109.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp reissued 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. Finally, Morgan Stanley set a $86.00 price target on Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.87.

Entergy Price Performance

Shares of NYSE ETR opened at $87.74 on Friday. The stock has a market capitalization of $39.17 billion, a PE ratio of 21.85, a P/E/G ratio of 2.40 and a beta of 0.61. 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 business has a fifty day moving average price of $87.14 and a two-hundred day moving average price of $84.45. Entergy Corporation has a fifty-two week low of $60.00 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.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, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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 issued 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%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by corporate 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.

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