VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 31,900 Shares of Entergy Corporation $ETR

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Entergy Corporation (NYSE:ETRFree Report) by 147.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,556 shares of the utilities provider’s stock after acquiring an additional 31,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Entergy were worth $4,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Community Bank grew its stake in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. grew its stake in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the period. Physician Wealth Advisors Inc. grew its stake in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the period. Hantz Financial Services Inc. grew its stake in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the period. Finally, Valley National Advisers Inc. grew its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Siebert Williams Shank assumed coverage on Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. Evercore set a $115.00 price target on Entergy in a research note on Monday, May 4th. Mizuho upped their price target on Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $119.21.

View Our Latest Stock Report on ETR

Entergy Trading Up 0.4%

NYSE ETR opened at $112.84 on Friday. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The stock has a market cap of $51.67 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.92 and a beta of 0.54. The stock’s fifty day moving average price is $110.58 and its 200-day moving average price is $101.34. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETRGet Free Report) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio is currently 65.31%.

Entergy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETRFree Report).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.