Ferguson Wellman Capital Management Inc. Purchases 64,037 Shares of Entergy Corporation $ETR

Ferguson Wellman Capital Management Inc. grew its position in shares of Entergy Corporation (NYSE:ETR) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,299,428 shares of the utilities provider’s stock after acquiring an additional 64,037 shares during the quarter. Entergy accounts for 2.0% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 12th biggest position. Ferguson Wellman Capital Management Inc. owned approximately 0.29% of Entergy worth $121,094,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Entergy by 3.0% in the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after purchasing an additional 1,630,674 shares in the last quarter. State Street Corp increased its stake in Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after buying an additional 981,750 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Entergy by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after buying an additional 479,093 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Entergy by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after buying an additional 505,344 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after acquiring an additional 3,710,814 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director directly owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is owned by insiders.

Entergy Trading Down 0.2%

Shares of Entergy stock opened at $91.14 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The business has a fifty day simple moving average of $94.10 and a two-hundred day simple moving average of $91.04. Entergy Corporation has a 1 year low of $75.04 and a 1 year high of $98.58. The company has a market capitalization of $40.70 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.04 and a beta of 0.66.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The company had revenue of $2.37 billion for 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. Research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio is presently 63.21%.

Analyst Ratings Changes

Several research analysts recently commented on the company. KeyCorp set a $102.00 price target on Entergy and gave the company an “overweight” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Argus set a $100.00 target price on shares of Entergy and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price target (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $102.91.

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.