Entergy Corporation $ETR Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,941,157 shares of the utilities provider’s stock after acquiring an additional 161,411 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.84% of Entergy worth $452,681,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Entergy during the 2nd quarter valued at approximately $4,861,376,000. State Street Corp raised its position in shares of Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after buying an additional 870,847 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after acquiring an additional 126,625 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several brokerages have weighed in on ETR. Evercore reissued an “outperform” rating and set a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Barclays decreased their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. BMO Capital Markets increased their target price on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Entergy Stock Performance

Shares of NYSE ETR opened at $105.77 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The firm’s 50-day moving average price is $111.05 and its two-hundred day moving average price is $109.98. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The stock has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current 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 $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 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.