44,219 Shares in Entergy Corporation $ETR Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in Entergy Corporation (NYSE:ETR) in the first quarter, HoldingsChannel reports. The institutional investor bought 44,219 shares of the utilities provider’s stock, valued at approximately $4,968,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ETR. Nordea Investment Management AB grew its holdings in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the period. Tounjian Advisory Partners LLC purchased a new position in Entergy in the 4th quarter valued at approximately $1,473,000. World Investment Advisors raised its holdings in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Caliber Wealth Management LLC KS acquired a new position in Entergy during the fourth quarter worth $2,404,000. Finally, Phoenix Wealth Advisors purchased a new stake in Entergy during the fourth quarter worth $1,502,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred 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 transaction, the insider 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. BTIG Research restated a “buy” rating and set a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Barclays reduced their price target 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Stock Up 0.5%

Shares of NYSE:ETR opened at $115.91 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The stock’s fifty day simple moving average is $111.97 and its 200-day simple moving average is $104.64. The company has a market capitalization of $53.07 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.97 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts forecast 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 Monday, June 1st. Stockholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

About Entergy

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.