Entergy Corporation $ETR Shares Purchased by Jennison Associates LLC

Jennison Associates LLC grew its holdings in Entergy Corporation (NYSE:ETR) by 20.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,560,688 shares of the utilities provider’s stock after acquiring an additional 431,388 shares during the quarter. Jennison Associates LLC owned about 0.57% of Entergy worth $238,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Delta Financial Advisors LLC increased its position in shares of Entergy by 0.4% during the third quarter. Delta Financial Advisors LLC now owns 43,646 shares of the utilities provider’s stock worth $4,067,000 after purchasing an additional 194 shares in the last quarter. Tranquilli Financial Advisor LLC lifted its position in Entergy by 5.9% during the 3rd quarter. Tranquilli Financial Advisor LLC now owns 3,164 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 177 shares during the period. Jmac Enterprises LLC increased its holdings in shares of Entergy by 17.9% in the third quarter. Jmac Enterprises LLC now owns 9,900 shares of the utilities provider’s stock valued at $923,000 after purchasing an additional 1,500 shares during the period. iA Global Asset Management Inc. lifted its holdings in Entergy by 34.3% in the third quarter. iA Global Asset Management Inc. now owns 142,460 shares of the utilities provider’s stock valued at $13,276,000 after acquiring an additional 36,377 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Entergy during the 3rd quarter worth $328,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ETR shares. UBS Group restated a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research note on Friday. Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, KeyCorp set a $102.00 price target on Entergy and gave the company an “overweight” rating in a research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.87.

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the acquisition, the director owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last quarter. Insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR 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 business’s 50 day moving average is $93.78 and its two-hundred day moving average is $92.00. The firm has a market cap of $41.63 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.09 and a beta of 0.66. Entergy Corporation has a 52-week low of $75.55 and a 52-week high of $98.58.

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

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio is currently 63.21%.

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.