Van Lanschot Kempen Investment Management N.V. Acquires New Position in Entergy Corporation $ETR

Key Points

• Van Lanschot Kempen Investment Management N.V. invested approximately $6.97 million in Entergy Corporation by acquiring 81,572 shares in the 1st quarter.
• Entergy announced a quarterly dividend of $0.60 per share, yielding 2.7%, with an ex-dividend date of August 13th.
• Research analysts have a consensus target price of $88.07 for Entergy, with ratings ranging from "Strong Buy" to "Hold".

Van Lanschot Kempen Investment Management N.V. acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 81,572 shares of the utilities provider's stock, valued at approximately $6,974,000.

Other large investors also recently modified their holdings of the company. Glen Eagle Advisors LLC boosted its holdings in Entergy by 100.0% during the 4th 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy during the first quarter valued at $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Entergy during the 4th quarter valued at about $30,000. Grove Bank & Trust increased its position in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy during the 1st quarter valued at about $32,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETR has been the topic of a number of analyst reports. Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. KeyCorp reiterated an "overweight" rating and issued a $96.00 price target (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets boosted their price objective on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.14.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company's stock.

Entergy Stock Performance

Shares of NYSE:ETR traded up $0.0090 during trading on Friday, hitting $89.2290. The stock had a trading volume of 2,029,222 shares, compared to its average volume of 2,715,099. Entergy Corporation has a 12-month low of $59.05 and a 12-month high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The stock has a 50-day simple moving average of $85.81 and a two-hundred day simple moving average of $84.10.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping 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 the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy's dividend payout ratio (DPR) is currently 59.85%.

Entergy Company 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.