Insider Buying: Entergy (NYSE:ETR) Director Purchases 1,000 Shares

Entergy Corporation (NYSE:ETR) Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Entergy Price Performance

ETR stock traded down $0.51 during mid-day trading on Thursday, hitting $106.35. 2,006,168 shares of the stock were exchanged, compared to its average volume of 3,114,319. The business has a fifty day moving average price of $111.98 and a 200 day moving average price of $108.75. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. 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 stock has a market capitalization of $49.63 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.86 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETR. Caliber Wealth Management LLC KS purchased a new stake in shares of Entergy during the 4th quarter valued at about $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Entergy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after purchasing an additional 38,742 shares during the last quarter. World Investment Advisors raised its holdings in shares of Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Finally, Phoenix Wealth Advisors bought a new stake in Entergy in the 4th quarter worth approximately $1,502,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ETR. BMO Capital Markets boosted their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

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.