Entergy Corporation $ETR Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in Entergy Corporation (NYSE:ETR) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900,540 shares of the utilities provider’s stock after buying an additional 77,469 shares during the period. UniSuper Management Pty Ltd owned about 0.20% of Entergy worth $83,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP increased its stake in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Entergy by 23.8% during the second quarter. Farther Finance Advisors LLC now owns 6,771 shares of the utilities provider’s stock worth $563,000 after buying an additional 1,300 shares during the period. Norden Group LLC boosted its stake in Entergy by 14.1% in the 2nd quarter. Norden Group LLC now owns 5,458 shares of the utilities provider’s stock worth $454,000 after buying an additional 676 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Entergy by 4.7% in the 2nd quarter. Mather Group LLC. now owns 11,950 shares of the utilities provider’s stock valued at $993,000 after buying an additional 535 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,179 shares of company stock valued at $981,707 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Entergy Price Performance

Entergy stock opened at $93.21 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $41.63 billion, a P/E ratio of 23.01, a PEG ratio of 2.09 and a beta of 0.66. The firm has a fifty day moving average of $93.78 and a 200-day moving average of $92.00. Entergy Corporation has a 52-week low of $75.55 and a 52-week high of $98.58.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a $0.64 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETR. Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Friday. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Scotiabank set a $105.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, KeyCorp set a $102.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $103.87.

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.