Strs Ohio Buys 7,984 Shares of Entergy Corporation $ETR

Strs Ohio boosted its stake in Entergy Corporation (NYSE:ETR) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 348,080 shares of the utilities provider’s stock after purchasing an additional 7,984 shares during the quarter. Strs Ohio owned about 0.08% of Entergy worth $39,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harrison Street Private Wealth LLC acquired a new position in shares of Entergy during the first quarter valued at about $4,030,000. Keybank National Association OH grew its stake in shares of Entergy by 51.2% in the 1st quarter. Keybank National Association OH now owns 11,198 shares of the utilities provider’s stock valued at $1,258,000 after buying an additional 3,792 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of Entergy by 55.8% in the 1st quarter. Physician Wealth Advisors Inc. now owns 377 shares of the utilities provider’s stock valued at $42,000 after buying an additional 135 shares during the period. Stock Yards Bank & Trust Co. increased its position in Entergy by 1.5% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 7,087 shares of the utilities provider’s stock valued at $796,000 after buying an additional 105 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in Entergy by 2.8% during the 1st quarter. Fulton Bank N.A. now owns 5,902 shares of the utilities provider’s stock worth $663,000 after buying an additional 162 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 0.1%

Shares of ETR stock opened at $115.00 on Friday. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company has a 50-day simple moving average of $112.12 and a two-hundred day simple moving average of $105.41. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.96 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup reiterated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Wells Fargo & Company upped their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Barclays cut their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Argus lifted their price target on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Finally, Evercore set a $123.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.