Commerce Bank Buys Shares of 39,717 Entergy Corporation $ETR

Commerce Bank purchased a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel reports. The firm purchased 39,717 shares of the utilities provider’s stock, valued at approximately $4,562,000.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP raised its stake in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new position in Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. lifted its holdings in Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy during the 2nd quarter worth about $17,225,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Barclays reduced their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Evercore reiterated an “outperform” rating and issued a $128.00 price target on shares of Entergy in a report on Monday, August 17th. Finally, UBS Group reissued a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

Entergy Trading Down 0.1%

NYSE ETR opened at $104.56 on Monday. The company has a market cap of $48.79 billion, a P/E ratio of 26.81, a P/E/G ratio of 1.79 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. 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 company has a 50-day moving average of $111.55 and a 200-day moving average of $109.66.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) 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 business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last 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, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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

Insiders Place Their Bets

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

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.