VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.84 Million in Entergy Corporation $ETR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel reports. The firm bought 24,756 shares of the utilities provider’s stock, valued at approximately $2,843,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Entergy in the 2nd quarter worth approximately $28,000. Pingora Partners LLC purchased a new stake in shares of Entergy during the 2nd quarter worth approximately $30,000. Dynamic Wealth Strategies LLC bought a new position in shares of Entergy during the 1st quarter valued at approximately $30,000. Fairway Wealth LLC bought a new position in shares of Entergy during the 1st quarter valued at approximately $30,000. Finally, Union Savings Bank purchased a new position in shares of Entergy in the fourth quarter valued at $28,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

NYSE ETR opened at $105.87 on Friday. The business’s 50 day moving average price is $109.71 and its 200-day moving average price is $110.24. Entergy Corporation has a fifty-two week low of $87.38 and a fifty-two week high of $118.44. The company has a market cap of $49.40 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.40 and a beta of 0.49. 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 issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. BTIG Research restated a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Insider Activity

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Entergy Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.