Johnson Financial Group Inc. Takes $843,000 Position in Entergy Corporation $ETR

Johnson Financial Group Inc. bought a new position in Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent filing with the SEC. The firm bought 7,342 shares of the utilities provider’s stock, valued at approximately $843,000.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares during the last quarter. BlackRock Inc. acquired a new stake in Entergy during the 2nd quarter worth about $4,861,376,000. State Street Corp lifted its position in Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after acquiring an additional 1,018,503 shares during the period. JPMorgan Chase & Co. grew its stake in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Entergy by 5.3% during the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, 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 filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ETR shares. BMO Capital Markets lifted their target price on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. BTIG Research reiterated a “buy” rating and issued a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.05.

Entergy Trading Down 0.1%

Entergy stock opened at $108.01 on Thursday. 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 12 month low of $86.40 and a 12 month high of $118.44. The stock’s 50 day simple moving average is $111.73 and its two-hundred day simple moving average is $109.52. The firm has a market cap of $50.40 billion, a PE ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share 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 analyst estimates of $3.49 billion. During the same period in the previous year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

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.