Rakuten Investment Management Inc. Takes $8.71 Million Position in Entergy Corporation $ETR

Rakuten Investment Management Inc. acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 74,887 shares of the utilities provider’s stock, valued at approximately $8,712,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Callan Family Office LLC acquired a new position in Entergy during the second quarter worth about $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after acquiring an additional 38,742 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after acquiring an additional 27,868 shares during the last quarter. World Investment Advisors boosted its position in shares of Entergy by 170.6% during the 4th 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 in the last quarter. Finally, WealthShield Partners LLC acquired a new position in shares of Entergy in the 4th quarter worth approximately $1,057,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Entergy stock opened at $105.77 on Friday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm’s 50 day simple moving average is $111.05 and its 200-day simple moving average is $109.89. 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 company has a market cap of $49.36 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly 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 net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on ETR shares. JPMorgan Chase & Co. increased their target price on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Citigroup restated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director 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 transaction was disclosed in a legal filing 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 stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.