Entergy Corporation $ETR Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. grew its stake in shares of Entergy Corporation (NYSE:ETR) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,100 shares of the utilities provider’s stock after acquiring an additional 1,300 shares during the quarter. APG Asset Management N.V. owned about 0.05% of Entergy worth $18,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Acropolis Investment Management LLC increased its holdings in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 129 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in shares of Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 144 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Entergy by 18.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 165 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Entergy by 1.8% during the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after acquiring an additional 176 shares in the last quarter. Finally, Glen Eagle Advisors LLC boosted its position in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 0.0%

Entergy stock opened at $89.2290 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $59.05 and a 12 month high of $92.40. The stock’s 50 day simple moving average is $85.81 and its two-hundred day simple moving average is $84.11. The firm has a market cap of $39.83 billion, a PE ratio of 22.22, a P/E/G ratio of 2.43 and a beta of 0.57.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy’s payout ratio is currently 59.85%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ETR shares. Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. KeyCorp reiterated an “overweight” rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.14.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.