Ceredex Value Advisors LLC Takes Position in Entergy Corporation $ETR

Ceredex Value Advisors LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 226,500 shares of the utilities provider’s stock, valued at approximately $26,016,000.

Several other hedge funds have also recently made changes to their positions in the company. United Community Bank boosted its holdings in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank acquired a new position in shares of Entergy during the 4th quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new stake in Entergy in the 2nd quarter valued at $28,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Entergy in the first quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares in the company, valued at $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. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. Morgan Stanley set a $109.00 price objective on shares of Entergy in a report on Wednesday, July 22nd. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. 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 research report on Wednesday, June 3rd. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Stock Down 0.5%

Shares of NYSE ETR opened at $107.47 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The firm’s 50-day moving average is $111.68 and its two-hundred day moving average is $109.60. The company has a market capitalization of $50.15 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50.

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. The firm had revenue of $3.52 billion during 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 prior year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Entergy Company 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.