6,386 Entergy Corporation $ETR Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Entergy Corporation (NYSE:ETR) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,990 shares of the utilities provider’s stock after purchasing an additional 6,386 shares during the period. TD Waterhouse Canada Inc.’s holdings in Entergy were worth $38,211,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New Hampshire increased its holdings in shares of Entergy by 303.0% during the third quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Union Savings Bank bought a new position in shares of Entergy in the 4th quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in shares of Entergy during the 2nd quarter valued at $28,000. Fairway Wealth LLC acquired a new stake in shares of Entergy during the 1st quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the transaction, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Entergy Trading Up 1.1%

ETR opened at $105.13 on Friday. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm has a market capitalization of $49.06 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.35 and a beta of 0.46. The company’s 50 day moving average price is $104.34 and its two-hundred day moving average price is $109.68.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (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 the consensus estimate of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy Corporation will post 4.40 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore restated an “outperform” rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. KeyCorp dropped 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, October 13th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Truist Financial set a $119.00 price target on Entergy and gave the company a “buy” rating in a research note on Monday, October 12th. Seventeen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $120.83.

About Entergy

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.