Engineers Gate Manager LP Acquires 67,758 Shares of Entergy Corporation $ETR

Engineers Gate Manager LP boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 854.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 75,684 shares of the utilities provider’s stock after buying 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Entergy by 22.2% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,205 shares of the utilities provider’s stock worth $368,000 after buying an additional 582 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Entergy by 15.3% during the 2nd quarter. RFG Advisory LLC now owns 4,181 shares of the utilities provider’s stock valued at $480,000 after acquiring an additional 555 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Entergy by 9.5% during the 2nd quarter. NewEdge Advisors LLC now owns 532,196 shares of the utilities provider’s stock valued at $61,128,000 after acquiring an additional 46,344 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Entergy by 8.2% in the 2nd quarter. Arizona State Retirement System now owns 131,256 shares of the utilities provider’s stock valued at $15,076,000 after acquiring an additional 9,894 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Entergy by 47.0% in the 2nd quarter. Waverly Advisors LLC now owns 19,314 shares of the utilities provider’s stock worth $2,218,000 after purchasing an additional 6,175 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 1.2%

Shares of Entergy stock opened at $105.87 on Friday. The company’s fifty day simple moving average is $109.71 and its 200-day simple moving average is $110.24. The company has a market cap of $49.40 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.40 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 1 year low of $87.38 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the company earned $1.05 EPS. 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 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders 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 dividend yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was acquired 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 owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley set a $105.00 target price on Entergy and gave the stock an “equal weight” rating in a research report on Friday, August 21st. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. BMO Capital Markets raised their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Barclays dropped their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

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.