UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in Entergy Corporation $ETR

Key Points

• UBS AM acquired an additional 454,059 shares of Entergy Corporation, increasing its stake by 15.8% to a total of approximately 3.33 million shares worth $284.38 million.
• Multiple institutional investors have significantly increased their holdings in Entergy, with TD Asset Management increasing its stake by 964.8% during the first quarter.
• Entergy's latest earnings report showed an EPS of $1.05, surpassing estimates, while it recently declared a quarterly dividend of $0.60, representing an annual yield of 2.7%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,326,466 shares of the utilities provider's stock after acquiring an additional 454,059 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.77% of Entergy worth $284,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares during the last quarter. CoreCap Advisors LLC raised its position in Entergy by 117.9% in the 4th quarter. CoreCap Advisors LLC now owns 926 shares of the utilities provider's stock valued at $70,000 after buying an additional 501 shares during the last quarter. Ethic Inc. purchased a new stake in Entergy in the 4th quarter valued at $1,019,000. Focus Partners Wealth lifted its stake in Entergy by 199.7% during the 4th quarter. Focus Partners Wealth now owns 13,611 shares of the utilities provider's stock valued at $1,032,000 after acquiring an additional 9,070 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in Entergy during the 4th quarter worth $243,000. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's 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. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of ETR stock traded up $0.46 on Friday, hitting $90.32. 2,082,846 shares of the stock were exchanged, compared to its average volume of 2,388,549. The firm's 50 day moving average is $87.76 and its two-hundred day moving average is $84.55. Entergy Corporation has a one year low of $62.31 and a one year high of $92.40. The firm has a market capitalization of $40.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.44 and a beta of 0.61. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ETR. Barclays lowered their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Raymond James Financial initiated coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. KeyCorp reaffirmed an "overweight" rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Mizuho set a $97.00 price target on Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $89.87.

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.