Cardinal Capital Management Inc. grew its position in shares of Entergy Corporation (NYSE:ETR – Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 347,670 shares of the utilities provider’s stock after purchasing an additional 24,187 shares during the quarter. Cardinal Capital Management Inc. owned about 0.07% of Entergy worth $34,510,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Entergy in the 2nd quarter valued at $4,861,376,000. Bank of America Corp DE bought a new position in Entergy during the second quarter worth $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Entergy during the second quarter worth $633,338,000. Legal & General Group Plc bought a new position in Entergy during the second quarter worth $430,404,000. Finally, Deutsche Bank AG bought a new position in Entergy during the second quarter worth $289,303,000. Institutional investors own 88.07% of the company’s stock.
Entergy Stock Performance
NYSE:ETR opened at $105.13 on Friday. The company has a fifty day moving average of $104.34 and a 200-day moving average of $109.68. The firm has a market capitalization of $49.05 billion, a P/E ratio of 26.45, a P/E/G ratio of 2.32 and a beta of 0.46. 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 twelve month low of $90.87 and a twelve month 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 (EPS) for the quarter, beating 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 net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 4.40 EPS for the current year.
Entergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were 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 was Thursday, August 13th. Entergy’s payout ratio is 65.64%.
Insider Activity
In other news, insider Laura Landreaux sold 5,600 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s 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 transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Truist Financial set a $119.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets lifted their price objective on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. dropped their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley cut their target price on Entergy from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Seventeen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $120.83.
Read Our Latest Stock Analysis on ETR
Entergy Company Profile
Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.
Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.
Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.
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