24,187 Entergy Corporation $ETR Shares Acquired by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,670 shares of the utilities provider’s stock after purchasing an additional 24,187 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Entergy were worth $34,510,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Callan Family Office LLC bought a new stake in Entergy during the 2nd quarter worth approximately $3,250,000. Illinois Municipal Retirement Fund raised its stake in shares of Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Swiss National Bank raised its stake in shares of Entergy by 7.1% in the first quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock worth $147,270,000 after purchasing an additional 87,300 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Entergy in the second quarter worth approximately $1,991,669,000. Finally, Nykredit A S bought a new position in shares of Entergy in the second quarter valued at approximately $22,064,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 1.1%

NYSE ETR opened at $105.13 on Friday. The business’s fifty day moving average is $104.34 and its 200-day moving average is $109.68. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The stock has a market capitalization of $49.05 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.32 and a beta of 0.46. Entergy Corporation has a one year low of $90.87 and a one year high of $118.44.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for 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 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.40 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were paid 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 was Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ETR. JPMorgan Chase & Co. cut their target price on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Truist Financial set a $119.00 price target on Entergy and gave the company a “buy” rating in a research report on Monday. KeyCorp dropped their price objective on Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Seventeen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.83.

Insider Buying and Selling at Entergy

In other Entergy news, insider Laura R. Landreaux sold 5,600 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by insiders.

Entergy Company Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.