Strs Ohio Buys 7,984 Shares of Entergy Corporation $ETR

Strs Ohio raised its stake in Entergy Corporation (NYSE:ETR) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,080 shares of the utilities provider’s stock after acquiring an additional 7,984 shares during the quarter. Strs Ohio’s holdings in Entergy were worth $39,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Community Bank raised its holdings in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. grew its holdings in 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 purchasing an additional 154 shares during the period. Union Savings Bank bought a new position in Entergy during the fourth quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in Entergy in the first quarter worth $30,000. Finally, Valley National Advisers Inc. increased its position in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ETR has been the topic of a number of recent research reports. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. Barclays dropped their price objective 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. JPMorgan Chase & Co. increased their target price on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Price Performance

Shares of NYSE ETR opened at $115.00 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The stock has a market cap of $52.66 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. The stock has a fifty day moving average of $112.12 and a 200-day moving average of $105.41.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

About Entergy

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.