OneAscent Investment Solutions LLC bought a new stake in Entergy Corporation (NYSE:ETR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,947 shares of the utilities provider’s stock, valued at approximately $683,000. Entergy makes up approximately 0.6% of OneAscent Investment Solutions LLC’s investment portfolio, making the stock its 28th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Entergy in the 2nd quarter valued at $4,861,376,000. JPMorgan Chase & Co. raised its stake in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares in the last quarter. Norges Bank bought a new position in shares of Entergy during the 4th quarter worth about $528,313,000. Deutsche Bank AG bought a new position in shares of Entergy during the 2nd quarter worth about $289,303,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Entergy during the 2nd quarter valued at about $277,819,000. 88.07% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Barclays lowered their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Evercore reaffirmed an “outperform” rating and set a $128.00 price objective on shares of Entergy in a report on Monday. Wells Fargo & Company upped their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.84.
Entergy Price Performance
Shares of ETR stock opened at $104.56 on Friday. The stock’s fifty day moving average is $111.55 and its 200-day moving average is $109.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock has a market capitalization of $48.79 billion, a PE ratio of 26.81, a PEG ratio of 1.83 and a beta of 0.50. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44.
Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the previous year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.
Entergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.
Insider Transactions at Entergy
In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.21% of the company’s stock.
Entergy Company Profile
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.
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