Saudi Central Bank Purchases 15,562 Shares of Entergy Corporation $ETR

Saudi Central Bank lifted its holdings in Entergy Corporation (NYSE:ETR) by 94.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,046 shares of the utilities provider’s stock after purchasing an additional 15,562 shares during the quarter. Saudi Central Bank’s holdings in Entergy were worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc bought a new position in Entergy in the second quarter valued at about $28,000. Pingora Partners LLC purchased a new position in Entergy in the 2nd quarter worth approximately $30,000. Dynamic Wealth Strategies LLC bought a new position in shares of Entergy during the first quarter worth $30,000. Fairway Wealth LLC bought a new position in shares of Entergy during the 1st quarter valued at about $30,000. Finally, Washington Trust Advisors Inc. grew its holdings in Entergy by 119.4% during the 4th 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. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ETR. BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Mizuho set a $122.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

Entergy Trading Down 0.1%

Shares of NYSE:ETR opened at $107.16 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The business has a 50-day moving average price of $110.32 and a 200-day moving average price of $110.14. The stock has a market cap of $50.00 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.40 and a beta of 0.49.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for 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 firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were 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 was Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 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.