Meeder Advisory Services Inc. Purchases New Position in Entergy Corporation $ETR

Meeder Advisory Services Inc. acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,803 shares of the utilities provider’s stock, valued at approximately $1,700,000.

A number of other institutional investors have also recently bought and sold shares of the company. United Community Bank increased its stake in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its position 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 worth $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank bought a new position in shares of Entergy during the fourth quarter worth $28,000. Bell Investment Advisors Inc acquired a new position in shares of Entergy in the 2nd quarter valued at $28,000. Finally, Fairway Wealth LLC acquired a new position in shares of Entergy in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.1%

ETR stock opened at $108.01 on Thursday. 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 $50.40 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50. 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 $111.73 and a 200-day moving average of $109.52.

Entergy (NYSE:ETR) last released its 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 firm had revenue of $3.52 billion for 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. On average, sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th. BMO Capital Markets raised their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy 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 purchase, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

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.