634,462 Shares in Entergy Corporation $ETR Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 634,462 shares of the utilities provider’s stock, valued at approximately $72,874,000. The Manufacturers Life Insurance Company owned approximately 0.14% of Entergy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the period. Marshall Wace LLP bought a new position in Entergy in the second quarter valued at about $6,869,000. Brown Advisory Inc. boosted its holdings in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Entergy in the second quarter worth about $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Truist Financial set a $122.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Barclays cut their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

Entergy Price Performance

Entergy stock opened at $106.28 on Wednesday. The firm has a market capitalization of $49.59 billion, a P/E ratio of 27.25, 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. The business has a 50-day moving average of $111.32 and a 200-day moving average of $109.79. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last announced its quarterly earnings results 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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 65.64%.

Insiders Place Their Bets

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

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.