Entergy Corporation $ETR Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Entergy Corporation (NYSE:ETR) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,890 shares of the utilities provider’s stock after buying an additional 6,532 shares during the quarter. American Century Companies Inc. owned 0.06% of Entergy worth $21,021,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Acropolis Investment Management LLC lifted its stake in Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 129 shares in the last quarter. Gen Wealth Partners Inc lifted its stake in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after buying an additional 144 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Entergy by 18.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock valued at $90,000 after buying an additional 165 shares in the last quarter. Horizon Investments LLC lifted its stake in Entergy by 1.8% during the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after buying an additional 176 shares in the last quarter. Finally, Glen Eagle Advisors LLC lifted its stake in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after buying an additional 180 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on ETR shares. Raymond James Financial started coverage on shares of Entergy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Mizuho set a $97.00 target price on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley lowered their target price on Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average price target of $88.14.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

Entergy Stock Up 0.0%

ETR opened at $89.2290 on Friday. Entergy Corporation has a fifty-two week low of $59.05 and a fifty-two week high of $92.40. The business has a 50-day moving average of $85.81 and a 200-day moving average of $84.10. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The company has a market capitalization of $39.83 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy’s dividend payout ratio (DPR) is 59.85%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.