Commerce Bank Acquires Shares of 39,717 Entergy Corporation $ETR

Commerce Bank acquired a new position in shares of Entergy Corporation (NYSE:ETRFree Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 39,717 shares of the utilities provider’s stock, valued at approximately $4,562,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Callan Family Office LLC acquired a new position in Entergy during the 2nd quarter worth approximately $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after buying an additional 38,742 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after buying an additional 27,868 shares during the period. World Investment Advisors boosted its stake in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after buying an additional 38,195 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Entergy by 9.0% in the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock valued at $225,481,000 after buying an additional 200,783 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE ETR opened at $104.56 on Monday. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The company has a market capitalization of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. The business has a 50 day moving average price of $111.55 and a 200 day moving average price of $109.66. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETRGet Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate 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 earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is 65.64%.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an “equal weight” rating in a research report on Friday. BTIG Research reaffirmed a “buy” rating and set a $126.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, UBS Group reiterated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $120.84.

Check Out Our Latest Stock Analysis on Entergy

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.

Further Reading

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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