Flputnam Investment Management Co. Invests $859,000 in Entergy Corporation $ETR

Flputnam Investment Management Co. bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, Holdings Channel reports. The fund bought 7,477 shares of the utilities provider’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caliber Wealth Management LLC KS bought a new position in Entergy in the fourth quarter worth about $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after acquiring an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after acquiring an additional 27,868 shares in the last quarter. World Investment Advisors grew its holdings in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after acquiring an additional 38,195 shares during the period. Finally, Truist Financial Corp raised its position in shares of Entergy by 9.0% in the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after acquiring an additional 200,783 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ETR. UBS Group restated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Mizuho set a $122.00 price target on Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. KeyCorp reissued an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Entergy Stock Up 0.6%

ETR stock opened at $108.52 on Tuesday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. 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 has a market cap of $50.64 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The business has a 50 day moving average of $111.80 and a 200 day moving average of $109.35.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is currently 65.64%.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.