Van ECK Associates Corp Raises Holdings in Entergy Corporation $ETR

Van ECK Associates Corp lifted its position in Entergy Corporation (NYSE:ETR) by 26.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,675 shares of the utilities provider’s stock after purchasing an additional 47,680 shares during the quarter. Van ECK Associates Corp’s holdings in Entergy were worth $25,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Entergy during the 2nd quarter valued at approximately $4,861,376,000. Bank of America Corp DE purchased a new stake in shares of Entergy during the 2nd quarter worth approximately $1,991,669,000. JPMorgan Chase & Co. raised its holdings in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares in the last quarter. Norges Bank bought a new position in shares of Entergy during the 4th quarter valued at approximately $528,313,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Entergy during the 2nd quarter valued at approximately $633,338,000. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents 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. Corporate insiders own 0.21% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $105.77 on Monday. The company has a market cap of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.81 and a beta of 0.50. The business’s 50 day moving average price is $111.05 and its 200-day moving average price is $109.98. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping 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 company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research report on Monday, August 17th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, Citigroup restated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

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.