Entergy Corporation $ETR Shares Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 236.3% during the 3rd quarter, Holdings Channel reports. The firm owned 10,115 shares of the utilities provider’s stock after purchasing an additional 7,107 shares during the quarter. Strategy Asset Managers LLC’s holdings in Entergy were worth $1,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. BlackRock Inc. bought a new stake in Entergy in the 2nd quarter worth about $4,861,376,000. Bank of America Corp DE bought a new position in shares of Entergy during the 2nd quarter worth approximately $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Entergy during the 2nd quarter worth approximately $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Entergy by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock worth $452,681,000 after buying an additional 161,411 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Entergy in the 2nd quarter worth approximately $430,404,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday. KeyCorp dropped their price target on Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday. Truist Financial set a $119.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Monday. Evercore restated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. Finally, BMO Capital Markets raised their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.58.

Entergy News Roundup

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 at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought 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 in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of the firm’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 transaction of $594,720.00. Following the completion of the transaction, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Entergy Trading Down 0.5%

Shares of Entergy stock opened at $104.47 on Thursday. Entergy Corporation has a 52-week low of $90.87 and a 52-week high of $118.44. The stock’s 50-day simple moving average is $104.44 and its 200 day simple moving average is $109.75. The stock has a market capitalization of $48.75 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.35 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 business had revenue of $3.52 billion for 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 period in the prior 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 anticipate that Entergy Corporation will post 4.40 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. Entergy’s payout ratio is 65.64%.

Entergy Company 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.