Strs Ohio Purchases Shares of 351,000 Entergy Corporation $ETR

Strs Ohio purchased a new stake in Entergy Corporation (NYSE:ETR) during the 1st quarter, Holdings Channel.com reports. The firm purchased 351,000 shares of the utilities provider’s stock, valued at approximately $30,007,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Focus Partners Wealth raised its stake in shares of Entergy by 199.7% in the 4th quarter. Focus Partners Wealth now owns 13,611 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 9,070 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Entergy in the 4th quarter valued at about $243,000. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Entergy by 103.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,062 shares of the utilities provider’s stock valued at $460,000 after purchasing an additional 3,088 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Entergy by 181.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,280 shares of the utilities provider’s stock valued at $5,783,000 after purchasing an additional 49,217 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

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 transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Entergy Trading Up 1.6%

Entergy stock opened at $89.89 on Friday. Entergy Corporation has a 52 week low of $61.04 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market capitalization of $40.13 billion, a P/E ratio of 22.39, a PEG ratio of 2.41 and a beta of 0.61. The stock has a 50-day simple moving average of $87.60 and a 200 day simple moving average of $84.51.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is presently 59.85%.

Analysts Set New Price Targets

Several analysts have issued reports on ETR shares. Mizuho set a $97.00 price target on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. KeyCorp restated an “overweight” rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a “market perform” rating for the company. Morgan Stanley set a $86.00 price objective on Entergy and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Barclays decreased their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.87.

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.