Sumitomo Mitsui DS Asset Management Company Ltd Buys 7,212 Shares of Entergy Corporation $ETR

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Entergy Corporation (NYSE:ETR) by 13.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 59,279 shares of the utilities provider’s stock after buying an additional 7,212 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entergy were worth $5,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ETR. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after acquiring an additional 118 shares during the period. CW Advisors LLC increased its position in Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 121 shares during the last quarter. Virtus Investment Advisers LLC lifted its holdings in Entergy by 6.2% in the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 124 shares during the period. Finally, Signaturefd LLC lifted its holdings in Entergy by 1.7% in the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 124 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

NYSE ETR opened at $93.56 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 12 month low of $75.04 and a 12 month high of $98.58. The stock has a market cap of $41.78 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.09 and a beta of 0.66. The company’s 50 day moving average is $94.05 and its two-hundred day moving average is $91.24.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Insider Buying and Selling at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider directly owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,179 shares of company stock valued at $981,707 over the last ninety days. 0.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. dropped their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Bank of America upped their target price on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Finally, Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $103.19.

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.