UNIVEST FINANCIAL Corp Acquires Shares of 14,548 Entergy Corporation $ETR

UNIVEST FINANCIAL Corp acquired a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,548 shares of the utilities provider’s stock, valued at approximately $1,671,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Entergy during the 2nd quarter valued at approximately $4,861,376,000. JPMorgan Chase & Co. lifted its position in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in Entergy during the fourth quarter worth $528,313,000. Deutsche Bank AG purchased a new position in Entergy during the second quarter worth $289,303,000. Finally, Bank of New York Mellon Corp bought a new position in Entergy during the second quarter valued at $277,819,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ETR shares. Evercore reissued an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research note on Monday. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company increased their price objective on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Stock Performance

ETR stock opened at $108.52 on Tuesday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The firm has a market cap of $50.64 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.84 and a beta of 0.50. The business’s fifty day simple moving average is $111.80 and its two-hundred day simple moving average is $109.35. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results 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 firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the prior year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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 $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.