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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC raised its position 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 acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy during the first quarter valued at about $28,000. Grove Bank & Trust raised its holdings in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Entergy during the first quarter valued at about $32,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of several recent research reports. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Barclays cut their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Saturday, September 27th. Morgan Stanley dropped their price target on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Jefferies Financial Group began coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.33.

Entergy Price Performance

NYSE:ETR opened at $95.41 on Friday. The stock has a market cap 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 one year low of $64.38 and a one year high of $96.61. The company has a fifty day moving average price of $89.72 and a 200 day moving average price of $85.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid 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 was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Entergy Company Profile

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.