Robeco Institutional Asset Management B.V. Has $17.37 Million Stock Holdings in Entergy Corporation $ETR

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Entergy Corporation by 31.9%, owning 208,924 shares valued at approximately $17.37 million by the end of the last reporting period.
• Entergy's quarterly earnings surpassed analysts' expectations with an EPS of $1.05, although its revenue of $3.02 billion fell short of estimates of $3.11 billion.
• The company announced a quarterly dividend of $0.60 per share, representing an annualized yield of 2.5% and a dividend payout ratio of 59.85%.

Robeco Institutional Asset Management B.V. grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 31.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 208,924 shares of the utilities provider's stock after buying an additional 50,537 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Entergy were worth $17,366,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc lifted its position in Entergy by 964.8% during the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock valued at $261,232,000 after purchasing an additional 2,768,734 shares during the period. Vanguard Group Inc. raised its stake in shares of Entergy by 5.2% during the first 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 last quarter. Alkeon Capital Management LLC acquired a new position in Entergy in the first quarter valued at approximately $194,429,000. Nuveen LLC bought a new position in Entergy in the first quarter valued at approximately $123,648,000. Finally, Zimmer Partners LP grew its holdings in Entergy by 285.5% during the 1st quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider's stock worth $96,901,000 after acquiring an additional 839,474 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

Shares of ETR opened at $95.41 on Friday. The firm has a market cap of $42.59 billion, a P/E ratio of 23.76, a PEG ratio of 2.60 and a beta of 0.62. Entergy Corporation has a twelve month low of $64.38 and a twelve month high of $96.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm's 50 day moving average price is $89.72 and its two-hundred day moving average price is $85.28.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.35% and a return on equity of 11.52%. During the same period last year, the business posted $1.92 earnings per share. 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 fiscal year.

Entergy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.5%. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank set a $105.00 price objective on Entergy and gave the stock an "outperform" rating in a research note on Friday. Barclays lowered their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Jefferies Financial Group started coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a "buy" rating and a $109.00 target price for the company. Finally, Morgan Stanley reduced their price target on shares of Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $91.33.

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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.