Vestcor Inc Buys 21,100 Shares of Entergy Corporation $ETR

by · The Markets Daily

Vestcor Inc increased its stake in shares of Entergy Corporation (NYSE:ETRFree Report) by 36.6% during the fourth quarter, HoldingsChannel reports. The fund owned 78,692 shares of the utilities provider’s stock after acquiring an additional 21,100 shares during the quarter. Vestcor Inc’s holdings in Entergy were worth $7,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ETR. Brighton Jones LLC increased its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP increased its position in Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares during the period. Marshall Wace LLP bought a new position in Entergy during the second quarter worth $6,869,000. Brown Advisory Inc. increased its position in Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Entergy during the second quarter worth $17,225,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale 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. Corporate insiders own 0.21% of the company’s stock.

Entergy Trading Up 1.5%

Shares of Entergy stock opened at $110.87 on Friday. The firm has a market capitalization of $50.77 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The company’s fifty day moving average price is $112.48 and its two-hundred day moving average price is $102.87. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44.

Entergy (NYSE:ETRGet Free Report) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating 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 company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Morgan Stanley set a $94.00 target price on shares of Entergy in a research report on Thursday, May 21st. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Evercore set a $115.00 price target on shares of Entergy in a report on Monday, May 4th. Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.58.

View Our Latest Report on Entergy

Entergy Company Profile

(Free Report)

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.

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