Entergy Corporation $ETR Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 23.6% in the first quarter, HoldingsChannel.com reports. The fund owned 79,332 shares of the utilities provider’s stock after buying an additional 15,167 shares during the quarter. Baird Financial Group Inc.’s holdings in Entergy were worth $6,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Vident Advisory LLC raised its position in shares of Entergy by 102.6% in the first quarter. Vident Advisory LLC now owns 41,092 shares of the utilities provider’s stock valued at $3,513,000 after buying an additional 20,812 shares during the last quarter. State of Wyoming acquired a new position in shares of Entergy in the first quarter valued at approximately $377,000. Tema Etfs LLC acquired a new position in shares of Entergy in the first quarter valued at approximately $2,983,000. Eisler Capital Management Ltd. acquired a new position in shares of Entergy in the first quarter valued at approximately $722,000. Finally, Truvestments Capital LLC raised its position in shares of Entergy by 45.9% in the first quarter. Truvestments Capital LLC now owns 1,169 shares of the utilities provider’s stock valued at $100,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

ETR opened at $87.15 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 52-week low of $60.00 and a 52-week high of $92.40. The company has a 50 day moving average of $86.91 and a two-hundred day moving average of $84.41. The company has a market cap of $38.90 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.40 and a beta of 0.61.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the prior year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.8%. Entergy’s dividend payout ratio is currently 59.85%.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ETR. Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Barclays dropped their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $88.50.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.