Van ECK Associates Corp Grows Holdings in Entergy Corporation $ETR

Van ECK Associates Corp raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 26.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,675 shares of the utilities provider’s stock after purchasing an additional 47,680 shares during the quarter. Van ECK Associates Corp’s holdings in Entergy were worth $25,921,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank bought a new stake in Entergy during the 4th quarter valued at about $28,000. Bell Investment Advisors Inc purchased a new stake in Entergy in the 2nd quarter valued at about $28,000. Fairway Wealth LLC bought a new position in Entergy in the 1st quarter worth about $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in Entergy in the 1st quarter worth about $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of ETR opened at $105.77 on Monday. The company has a 50 day moving average price of $111.05 and a 200-day moving average price of $109.98. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The stock has a market capitalization of $49.36 billion, a PE ratio of 27.12, a PEG ratio of 1.81 and a beta of 0.50. 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 (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period last year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research reports. Citigroup reaffirmed a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Truist Financial set a $122.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Evercore reiterated an “outperform” rating and issued a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction dated 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 transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

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.