IFM Investors Pty Ltd Raises Stock Holdings in Entergy Corporation $ETR

IFM Investors Pty Ltd raised its stake in shares of Entergy Corporation (NYSE:ETR) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,566 shares of the utilities provider’s stock after purchasing an additional 284 shares during the quarter. IFM Investors Pty Ltd’s holdings in Entergy were worth $9,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ETR. Kozak & Associates Inc. bought a new position in Entergy in the 2nd quarter worth about $81,000. Moody National Bank Trust Division lifted its stake in shares of Entergy by 11.2% during the 2nd quarter. Moody National Bank Trust Division now owns 7,332 shares of the utilities provider’s stock valued at $609,000 after buying an additional 740 shares in the last quarter. Global Financial Private Client LLC increased its stake in Entergy by 3.6% in the 2nd quarter. Global Financial Private Client LLC now owns 21,204 shares of the utilities provider’s stock worth $1,762,000 after buying an additional 734 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Entergy by 2.8% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,235,391 shares of the utilities provider’s stock valued at $102,686,000 after purchasing an additional 33,771 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Entergy by 5.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 109,120 shares of the utilities provider’s stock valued at $8,939,000 after purchasing an additional 5,783 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Jefferies Financial Group initiated coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Barclays decreased their price objective on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Mizuho set a $97.00 price target on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.87.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Up 1.0%

Shares of NYSE:ETR opened at $88.67 on Friday. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.41 and a beta of 0.61. The firm’s 50-day simple moving average is $88.46 and its 200-day simple moving average is $84.63. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a fifty-two week low of $63.95 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations 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. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 2.7%. 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.