OP Asset Management Ltd Buys New Stake in Entergy Corporation $ETR

OP Asset Management Ltd purchased a new stake in Entergy Corporation (NYSE:ETR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,219 shares of the utilities provider’s stock, valued at approximately $4,968,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Community Bank raised its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank purchased a new position in Entergy in the fourth quarter valued at approximately $28,000. Valley National Advisers Inc. raised its holdings in Entergy by 306.0% during 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 in the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in Entergy during the fourth quarter worth approximately $37,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.5%

Entergy stock opened at $115.91 on Friday. The stock has a 50 day moving average of $111.97 and a two-hundred day moving average of $104.64. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock has a market capitalization of $53.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.97 and a beta of 0.50. 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:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on 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 sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Barclays dropped their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Finally, Citigroup reissued a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.68.

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.