1,291,790 Shares in Entergy Corporation $ETR Acquired by Energy Income Partners LLC

Energy Income Partners LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,291,790 shares of the utilities provider’s stock, valued at approximately $148,375,000. Entergy accounts for approximately 2.3% of Energy Income Partners LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Caliber Wealth Management LLC KS acquired a new position in shares of Entergy during the fourth quarter worth $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after acquiring an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after acquiring an additional 27,868 shares in the last quarter. World Investment Advisors grew its position in Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after acquiring an additional 38,195 shares during the last quarter. Finally, Truist Financial Corp grew its position in Entergy by 9.0% during the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after acquiring an additional 200,783 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. UBS Group reiterated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company raised their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating and set a $128.00 target price on shares of Entergy in a research report on Monday. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Trading Down 0.2%

Shares of ETR stock opened at $108.28 on Wednesday. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a market cap of $50.53 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.84 and a beta of 0.50. The stock has a 50-day moving average of $111.78 and a 200-day moving average of $109.43.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.