Daiichi Life Insurance Co. Ltd. Makes New $9.47 Million Investment in Entergy Corporation $ETR

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 82,451 shares of the utilities provider’s stock, valued at approximately $9,470,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after acquiring an additional 589,317 shares in the last quarter. BlackRock Inc. acquired a new position in Entergy during the 2nd quarter worth $4,861,376,000. State Street Corp grew its stake in shares of Entergy by 4.4% in the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after purchasing an additional 1,018,503 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE:ETR opened at $104.56 on Friday. 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 business’s 50-day moving average price is $111.55 and its 200 day moving average price is $109.57. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The firm has a market cap of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Insider Activity at Entergy

In other news, 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 transaction of $1,170,180.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly 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. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Evercore reissued an “outperform” rating and set a $128.00 target price on shares of Entergy in a research note on Monday, August 17th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $120.84.

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.