351,000 Shares in Entergy Corporation $ETR Purchased by Strs Ohio
Strs Ohio acquired 351,000 shares of Entergy Corporation (NYSE:ETR) valued at approximately $30 million in Q1, according to a recent SEC filing. Other institutional investors also adjusted their stakes. Entergy's stock opened at $89.89, with a market cap of $40.13 billion and a P/E ratio of 22.39. The company reported $1.05 EPS for the last quarter, exceeding estimates. Entergy recently announced a quarterly dividend of $0.60, yielding 2.7%. Analysts have set target prices ranging from $86.00 to $109.00 for the stock.
Strs Ohio bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 351,000 shares of the utilities provider's stock, valued at approximately $30,007,000. Strs Ohio owned approximately 0.08% of Entergy as of its most recent SEC filing.
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Other institutional investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC grew its position in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after buying an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy during the first quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Glen Eagle Advisors LLC boosted its holdings in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Entergy during the first quarter valued at approximately $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.
Entergy Stock Performance
ETR stock opened at $89.89 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $61.04 and a twelve month high of $92.40. The business's fifty day moving average is $87.60 and its 200-day moving average is $84.51. The company has a market cap of $40.13 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61.
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Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the company earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy's dividend payout ratio is currently 59.85%.
Insider Activity at Entergy
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In related news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have recently commented on ETR shares. Morgan Stanley set a $86.00 target price on Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Jefferies Financial Group started coverage on Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 price objective on the stock. Mizuho set a $97.00 price objective on Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and set a $96.00 price objective (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.87.
Get Our Latest Analysis on ETR
About Entergy
(Free Report)Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.
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