Ralph Lewis Ropp Buys 1,000 Shares of Entergy (NYSE:ETR) Stock

Entergy Corporation (NYSE:ETR) Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Entergy Stock Performance

Entergy stock traded down $0.51 during mid-day trading on Thursday, reaching $106.35. 2,006,168 shares of the company’s stock were exchanged, compared to its average volume of 3,114,319. The business’s fifty day simple moving average is $111.98 and its 200 day simple moving average is $108.75. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44. The firm has a market capitalization of $49.63 billion, a PE ratio of 27.27, a P/E/G ratio of 1.86 and a beta of 0.50.

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

Entergy Announces Dividend

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

Hedge Funds Weigh In On Entergy

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings 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 during the period. Norges Bank bought a new position in Entergy in the 4th quarter worth about $528,313,000. Bank of New York Mellon Corp bought a new position in Entergy in the 2nd quarter worth about $277,819,000. Morgan Stanley boosted its position in shares of Entergy by 22.9% during the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after acquiring an additional 1,986,369 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Entergy by 89.6% during the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ETR. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, BMO Capital Markets upped their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $121.05.

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.