Cardinal Capital Management Inc. Acquires 24,483 Shares of Entergy Corporation $ETR

Cardinal Capital Management Inc. increased its holdings in Entergy Corporation (NYSE:ETR) by 8.2% in the second quarter, HoldingsChannel.com reports. The fund owned 323,483 shares of the utilities provider’s stock after acquiring an additional 24,483 shares during the period. Cardinal Capital Management Inc.’s holdings in Entergy were worth $37,155,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. United Community Bank increased its position in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. raised its holdings in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank purchased a new stake in shares of Entergy in the 4th quarter worth about $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy in the 1st quarter worth about $30,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Entergy during the 1st quarter valued at about $30,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ETR. UBS Group reiterated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Barclays lowered their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Truist Financial set a $127.00 target price on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’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 transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $106.45 on Wednesday. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The firm has a market capitalization of $49.67 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.80 and a beta of 0.50. 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 business has a fifty day simple moving average of $111.94 and a two-hundred day simple moving average of $108.98.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend 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.