Korea Investment CORP Acquires Shares of 490,374 Entergy Corporation $ETR

Korea Investment CORP bought a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 490,374 shares of the utilities provider’s stock, valued at approximately $56,324,000.

Other large investors have also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after buying an additional 92 shares in the last quarter. Aristotle Capital Management LLC grew its position in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 96 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ETR shares. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays dropped their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Citigroup restated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Finally, Truist Financial set a $122.00 target price on Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $120.84.

Insider Activity

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost 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 $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of the company’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 completion of the sale, the insider 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 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 Price Performance

Shares of NYSE:ETR opened at $104.56 on Friday. 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 Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The firm has a market cap of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. The firm’s fifty day moving average is $111.55 and its 200-day moving average is $109.57.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the business posted $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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 payout ratio is 65.64%.

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.