Transamerica Financial Advisors LLC Makes New $7.30 Million Investment in Entergy Corporation $ETR

Key Points

• Transamerica Financial Advisors acquired 63,558 Entergy shares worth approximately $7.3 million in the second quarter. Institutional investors and hedge funds collectively own 88.07% of Entergy.
• Analyst sentiment remains broadly positive, with 17 Buy ratings and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $120.84.
• Entergy reported quarterly EPS of $1.03, exceeding estimates, and announced a quarterly dividend of $0.64 per share, equivalent to an annualized yield of approximately 2.4%.

Transamerica Financial Advisors LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,558 shares of the utilities provider's stock, valued at approximately $7,300,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Entergy during the 2nd quarter worth approximately $4,861,376,000. State Street Corp increased its stake in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider's stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Bank of America Corp DE raised its holdings in Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider's stock worth $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider's stock worth $1,068,725,000 after purchasing an additional 126,625 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company's stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. Jefferies Financial Group restated a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Wall Street Zen lowered shares of Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Scotiabank reissued a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Citigroup restated a "neutral" rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, BMO Capital Markets lifted their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.84.

Entergy Stock Performance

NYSE ETR opened at $107.26 on Thursday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The business has a fifty day moving average of $111.25 and a 200-day moving average of $109.86. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy's dividend payout ratio is 65.64%.

About Entergy

Entergy Corporation NYSE: ETR is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company's operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy's generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.

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