Entergy Corporation $ETR Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Entergy Corporation (NYSE:ETR) by 245.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 556,336 shares of the utilities provider’s stock after buying an additional 395,163 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.12% of Entergy worth $51,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. grew its position in shares of Entergy by 3.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 116 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares during the period. CW Advisors LLC grew its position in Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 121 shares during the last quarter. Virtus Investment Advisers LLC grew its position in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Entergy by 1.7% in the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,179 shares of company stock valued at $981,707 in the last ninety days. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ETR. KeyCorp set a $102.00 target price on shares of Entergy and gave the stock an “overweight” rating in a research note on Friday, December 12th. TD Cowen assumed coverage on Entergy in a research report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Citigroup lifted their target price on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four 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 an average target price of $104.03.

Entergy Price Performance

Shares of ETR opened at $95.72 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock’s 50 day moving average is $93.83 and its two-hundred day moving average is $91.91. Entergy Corporation has a twelve month low of $75.55 and a twelve month high of $98.58. The firm has a market capitalization of $42.75 billion, a PE ratio of 23.64, a P/E/G ratio of 2.11 and a beta of 0.66.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the firm earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is presently 63.21%.

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.