Rakuten Investment Management Inc. Takes Position in Entergy Corporation $ETR

Rakuten Investment Management Inc. purchased a new position in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel.com reports. The firm purchased 74,887 shares of the utilities provider’s stock, valued at approximately $8,712,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% during the fourth 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 during the last quarter. Union Savings Bank acquired a new position in Entergy in the 4th quarter worth about $28,000. Bell Investment Advisors Inc purchased a new stake in shares of Entergy during the 2nd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Entergy during the 1st quarter valued at about $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the 1st quarter valued at about $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ETR. Citigroup restated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Evercore reissued an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. BMO Capital Markets raised their price target on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Entergy Price Performance

Shares of Entergy stock opened at $105.77 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $111.05 and a 200-day simple moving average of $109.89. The stock has a market capitalization of $49.36 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.81 and a beta of 0.50. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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 dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is currently 65.64%.

About Entergy

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.