Korea Investment CORP Purchases New Stake in Entergy Corporation $ETR

Korea Investment CORP purchased a new stake in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 490,374 shares of the utilities provider’s stock, valued at approximately $56,324,000. Korea Investment CORP owned about 0.11% of Entergy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. United Community Bank raised its position in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the period. Union Savings Bank acquired a new position in Entergy in the 4th quarter valued at about $28,000. Bell Investment Advisors Inc acquired a new position in Entergy in the 2nd quarter valued at about $28,000. Finally, Fairway Wealth LLC bought a new position in Entergy in the 1st quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 2.6%

Shares of ETR opened at $104.56 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The firm’s 50 day moving average is $111.55 and its 200-day moving average is $109.57. The stock has a market capitalization of $48.79 billion, a PE ratio of 26.81, a P/E/G ratio of 1.83 and a beta of 0.50.

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, beating the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the previous year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares of the company’s stock, 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 SEC, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ETR shares. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Barclays lowered their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Evercore reissued an “outperform” rating and set a $128.00 price target on shares of Entergy in a report on Monday. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Seventeen 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.84.

Entergy 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.