UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stock Holdings in Entergy Corporation $ETR

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Entergy Corporation (NYSE:ETR) by 15.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,326,466 shares of the utilities provider’s stock after purchasing an additional 454,059 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Entergy were worth $284,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Acropolis Investment Management LLC lifted its position in shares of Entergy by 0.7% in the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 129 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 165 shares during the period. Horizon Investments LLC lifted its position in shares of Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock worth $854,000 after purchasing an additional 176 shares during the period. Glen Eagle Advisors LLC lifted its position in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the period. Finally, CreativeOne Wealth LLC lifted its position in shares of Entergy by 4.0% in the 1st quarter. CreativeOne Wealth LLC now owns 4,691 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.6%

Shares of Entergy stock opened at $88.44 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $60.00 and a 12-month high of $92.40. The firm has a market capitalization of $39.48 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.37 and a beta of 0.61. The firm’s 50 day simple moving average is $87.44 and its two-hundred day simple moving average is $84.48.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio is presently 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research reports. 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. Raymond James Financial started coverage on shares of Entergy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Barclays reduced their price objective on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Morgan Stanley set a $86.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Jefferies Financial Group started coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Twelve 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.87.

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.