Entergy Corporation $ETR Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 854.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,684 shares of the utilities provider’s stock after purchasing an additional 67,758 shares during the period. Engineers Gate Manager LP’s holdings in Entergy were worth $8,693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP lifted its position in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. grew its position in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after buying an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Entergy during the second quarter worth about $17,225,000. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial set a $122.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Barclays dropped their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Morgan Stanley set a $105.00 target price on Entergy and gave the stock an “equal weight” rating in a report on Friday, August 21st. Finally, Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Entergy Price Performance

NYSE ETR opened at $105.87 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm has a market capitalization of $49.40 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. The company has a 50 day simple moving average of $109.71 and a 200-day simple moving average of $110.24. Entergy Corporation has a 52-week low of $87.38 and a 52-week high of $118.44.

Entergy (NYSE:ETR) last issued 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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.