Meeder Advisory Services Inc. Takes Position in Entergy Corporation $ETR

Meeder Advisory Services Inc. bought a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,803 shares of the utilities provider’s stock, valued at approximately $1,700,000.

A number of other institutional investors have also added to or reduced their stakes in ETR. Caliber Wealth Management LLC KS bought a new position in shares of Entergy in the fourth quarter valued at about $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock worth $87,194,000 after buying an additional 38,742 shares during the period. Illinois Municipal Retirement Fund grew its stake 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 buying an additional 27,868 shares during the last quarter. World Investment Advisors grew its stake in Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after buying an additional 38,195 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in Entergy by 9.0% in the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock valued at $225,481,000 after acquiring an additional 200,783 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of several research reports. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Truist Financial set a $122.00 target price on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. UBS Group reiterated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Barclays dropped their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Price Performance

Shares of Entergy stock opened at $108.01 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.50. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a 50-day simple moving average of $111.73 and a two-hundred day simple moving average of $109.52.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given 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 yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

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.