Public Employees Retirement System of Ohio bought a new position in Entergy Corporation (NYSE:ETR – Free Report) during the second quarter, Holdings Channel reports. The firm bought 210,317 shares of the utilities provider’s stock, valued at approximately $24,157,000.
Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC increased its position in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares during the last quarter. Founders Financial Securities LLC increased its position in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on ETR shares. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the company an “equal weight” rating in a research report on Friday, August 21st. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Barclays dropped their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.84.
Insider Transactions at Entergy
In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’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 transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.
Entergy Stock Performance
Shares of Entergy stock opened at $105.77 on Friday. The stock’s fifty day moving average is $111.05 and its two-hundred day moving average is $109.89. The company has a market capitalization of $49.36 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. 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 earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.
Entergy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 65.64%.
About Entergy
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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