The Manufacturers Life Insurance Company Takes $72.87 Million Position in Entergy Corporation $ETR

The Manufacturers Life Insurance Company acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, HoldingsChannel reports. The firm acquired 634,462 shares of the utilities provider’s stock, valued at approximately $72,874,000.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC increased its holdings in 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 purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after buying an additional 92 shares during the period. Aristotle Capital Management LLC boosted its position in shares of Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after buying an additional 96 shares during the period. Founders Financial Securities LLC grew its holdings in shares of Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after buying an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ETR shares. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Morgan Stanley set a $105.00 price target on shares of Entergy and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets lifted their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Finally, Wells Fargo & Company increased their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

Entergy Stock Performance

ETR opened at $106.28 on Wednesday. The business’s 50-day simple moving average is $111.32 and its 200 day simple moving average is $109.79. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The firm has a market capitalization of $49.59 billion, a PE ratio of 27.25, a PEG ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.21% of the company’s stock.

Entergy 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.