Zurich Insurance Group Ltd FI Invests $32.66 Million in Entergy Corporation $ETR

Key Points

• Zurich Insurance Group Ltd FI acquired a new stake in Entergy Corporation, purchasing 382,010 shares valued at approximately $32.7 million, representing a 0.09% ownership by the end of the first quarter.
• Entergy recently announced a quarterly dividend of $0.60, equating to an annual yield of 2.8% and a payout ratio of 59.85%.
• Following quarterly earnings that beat consensus expectations, Entergy set its FY 2025 EPS guidance at 3.750-3.95, with analysts forecasting a current EPS of 3.88.

Zurich Insurance Group Ltd FI acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 382,010 shares of the utilities provider's stock, valued at approximately $32,658,000. Zurich Insurance Group Ltd FI owned approximately 0.09% of Entergy as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ETR. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after buying an additional 6,733 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Entergy by 117.9% in the 4th quarter. CoreCap Advisors LLC now owns 926 shares of the utilities provider's stock worth $70,000 after buying an additional 501 shares in the last quarter. Fiduciary Trust Co raised its stake in shares of Entergy by 100.1% in the 4th quarter. Fiduciary Trust Co now owns 11,244 shares of the utilities provider's stock worth $853,000 after buying an additional 5,626 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Entergy by 120.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 224,891 shares of the utilities provider's stock worth $17,051,000 after buying an additional 122,668 shares in the last quarter. Finally, Ethic Inc. acquired a new stake in shares of Entergy during the fourth quarter worth $1,019,000. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ETR. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. KeyCorp reaffirmed an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Mizuho set a $97.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group assumed coverage on Entergy in a research report on Thursday, September 4th. They set a "buy" rating and a $109.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.87.

Insider Buying and Selling

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

Entergy Stock Up 0.5%

NYSE ETR traded up $0.46 on Friday, reaching $90.32. The stock had a trading volume of 2,082,846 shares, compared to its average volume of 3,447,196. The business has a 50 day moving average price of $87.60 and a 200 day moving average price of $84.51. 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 Corporation has a 1 year low of $62.31 and a 1 year high of $92.40. The company has a market capitalization of $40.32 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.41 and a beta of 0.61.

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, beating 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 previous year, the company 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date 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 59.85%.

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.