10,539 Shares in Entergy Corporation $ETR Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in Entergy Corporation (NYSE:ETR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,539 shares of the utilities provider’s stock, valued at approximately $974,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Entergy during the third quarter valued at $108,005,000. Aurora Investment Counsel purchased a new position in Entergy during the third quarter valued at $3,120,000. Tounjian Advisory Partners LLC purchased a new position in Entergy during the fourth quarter valued at $1,473,000. Finally, World Investment Advisors lifted its position in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after purchasing an additional 38,195 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $111.09 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $50.87 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.90 and a beta of 0.50. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The business’s 50-day moving average is $112.46 and its 200 day moving average is $103.47.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ETR shares. Citigroup reiterated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. UBS Group reiterated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.68.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 14,182 shares in the company, 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 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. Corporate 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.