Insider Buying: Entergy (NYSE:ETR) Director Buys $106,080.00 in Stock

Entergy Corporation (NYSE:ETR) Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Entergy Stock Up 0.7%

ETR opened at $107.26 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm’s fifty day moving average is $111.95 and its 200 day moving average is $108.74. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side 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. Stockholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is 65.64%.

Hedge Funds Weigh In On Entergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Community Bank grew its holdings 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 buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank purchased a new stake in shares of Entergy during the 4th quarter worth approximately $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy during the 2nd quarter valued at approximately $28,000. Finally, Fairway Wealth LLC bought a new position in shares of Entergy during the 1st quarter valued at approximately $30,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Morgan Stanley set a $109.00 price target on Entergy in a research note on Wednesday, July 22nd. KeyCorp reaffirmed an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Finally, Truist Financial set a $127.00 target price on shares of 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $121.05.

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.