Groupe la Francaise Grows Stock Holdings in Entergy Corporation $ETR

Groupe la Francaise boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 7,556.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 323,572 shares of the utilities provider’s stock after acquiring an additional 319,346 shares during the quarter. Groupe la Francaise’s holdings in Entergy were worth $37,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ETR. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Entergy in the second quarter valued at approximately $2,843,000. California State Teachers Retirement System grew its position in Entergy by 11,763.2% in the 2nd quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock valued at $7,023,039,000 after buying an additional 60,628,930 shares during the last quarter. Wedmont Private Capital increased its stake in Entergy by 3.3% in the 2nd quarter. Wedmont Private Capital now owns 6,927 shares of the utilities provider’s stock valued at $797,000 after buying an additional 219 shares during the period. Kintra Wealth LLC acquired a new position in Entergy in the 2nd quarter valued at $358,000. Finally, HB Wealth Management LLC raised its position in Entergy by 5.7% during the 2nd quarter. HB Wealth Management LLC now owns 27,615 shares of the utilities provider’s stock worth $3,172,000 after buying an additional 1,491 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE:ETR opened at $107.16 on Monday. The firm’s fifty day simple moving average is $110.32 and its 200-day simple moving average is $110.14. 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 stock has a market cap of $50.00 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations 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 business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Morgan Stanley set a $105.00 price objective on shares of Entergy and gave the company an “equal weight” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $120.84.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

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.