Daiichi Life Insurance Co. Ltd. Makes New $9.47 Million Investment in Entergy Corporation $ETR

Daiichi Life Insurance Co. Ltd. purchased a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, HoldingsChannel reports. The fund purchased 82,451 shares of the utilities provider’s stock, valued at approximately $9,470,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in Entergy during the 2nd quarter worth approximately $28,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy in the first quarter valued at $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy in the first quarter worth $30,000. United Community Bank boosted 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 worth $25,000 after buying an additional 242 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on 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 transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ETR. Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a research report on Friday. Evercore reaffirmed an “outperform” rating and set a $128.00 target price on shares of Entergy in a research note on Monday, August 17th. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Barclays reduced their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Entergy Stock Down 2.6%

ETR opened at $104.56 on Friday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The business has a 50-day moving average of $111.55 and a 200-day moving average of $109.57. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company has a market capitalization of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the business posted $1.05 EPS. 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 fiscal year.

Entergy Dividend Announcement

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

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.