Entergy Corporation $ETR Stock Position Boosted by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. increased its stake in Entergy Corporation (NYSE:ETR) by 184.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,462 shares of the utilities provider’s stock after acquiring an additional 32,699 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Entergy were worth $4,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. My Legacy Advisors LLC boosted its stake in Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after purchasing an additional 128 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 129 shares in the last quarter. Mattson Financial Services LLC boosted its stake in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 165 shares in the last quarter. Finally, Horizon Investments LLC boosted its position in shares of Entergy by 1.8% during the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after purchasing an additional 176 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by company insiders.

Entergy Price Performance

ETR opened at $95.41 on Friday. The stock has a fifty day moving average of $89.72 and a 200-day moving average of $85.28. The firm has a market capitalization of $42.59 billion, a P/E ratio of 23.76, a PEG ratio of 2.55 and a beta of 0.62. Entergy Corporation has a 12-month low of $64.38 and a 12-month high of $96.61. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio is 59.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective on the stock. Morgan Stanley cut their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Saturday, September 27th. Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Barclays decreased their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $91.33.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.