Entergy Corporation $ETR Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 236.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,115 shares of the utilities provider’s stock after buying an additional 7,107 shares during the period. Strategy Asset Managers LLC’s holdings in Entergy were worth $1,004,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 90 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 92 shares in the last quarter. Founders Financial Securities LLC grew its holdings in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares during the period. Rehmann Capital Advisory Group grew its holdings in Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 102 shares during the period. Finally, Cohen Investment Advisors LLC increased its stake in Entergy by 1.9% in the first quarter. Cohen Investment Advisors LLC now owns 5,664 shares of the utilities provider’s stock valued at $636,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $104.47 on Thursday. The company has a fifty day simple moving average of $104.44 and a 200 day simple moving average of $109.75. Entergy Corporation has a 12-month low of $90.87 and a 12-month 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 company has a market cap of $48.75 billion, a P/E ratio of 26.79, a PEG ratio of 2.35 and a beta of 0.46.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Trending Headlines about Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: KeyCorp raised its long-term EPS forecasts for Entergy to $5.77 for FY2028, $6.49 for FY2029 and $7.32 for FY2030. The increases were modest but suggest improving confidence in the utility’s earnings growth. KeyCorp retained its Overweight rating and $118 price target.
• Positive Sentiment: JPMorgan maintained an Overweight rating while setting a $130 price target, implying substantial upside from recent trading levels. JPMorgan Entergy price target report
• Neutral Sentiment: Entergy marked the 25th anniversary of its Environmental Initiatives Fund, highlighting past environmental projects and sustainability efforts. The announcement may support the company’s reputation but is unlikely to materially change near-term earnings. Entergy Environmental Initiatives Fund announcement
• Neutral Sentiment: A Zacks article identified Entergy among utilities that could potentially beat quarterly earnings estimates, but it provided no new company-specific earnings guidance or results. Zacks utilities earnings outlook
• Negative Sentiment: KeyCorp reduced its Entergy price target to $118 from $123, while JPMorgan lowered its target to $130 from $137. KeyBanc also cut its target to $118 from $123. Although the firms remain bullish, the reductions signal more cautious valuation assumptions and may weigh on the stock.

Insider Activity

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction 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 purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Entergy from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. KeyCorp decreased their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Evercore reaffirmed an “outperform” rating and set a $128.00 price target on shares of Entergy in a research note on Monday, August 17th. Finally, BMO Capital Markets increased their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $119.58.

Entergy Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.