Mitsubishi UFJ Asset Management Co. Ltd. Buys New Holdings in Entergy Corporation $ETR

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, HoldingsChannel reports. The firm purchased 1,114,281 shares of the utilities provider’s stock, valued at approximately $127,986,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. Bell Investment Advisors Inc acquired a new position in shares of Entergy during the second quarter worth approximately $28,000. Dynamic Wealth Strategies LLC acquired a new stake in Entergy in the 1st quarter valued at $30,000. Fairway Wealth LLC acquired a new stake in Entergy in the 1st quarter valued at $30,000. United Community Bank increased its stake in Entergy by 806.7% during the 4th 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. Finally, Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.2%

ETR opened at $108.28 on Wednesday. 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’s 50-day moving average is $111.78 and its 200 day moving average is $109.43. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm has a market capitalization of $50.53 billion, a P/E ratio of 27.76, a PEG ratio of 1.84 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Truist Financial set a $122.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. KeyCorp reissued an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, UBS Group reissued a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Company 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.