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

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Mesirow Financial Investment Management Inc. increased its position in 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 purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after buying an additional 118 shares during the period. CW Advisors LLC raised its stake in Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares in 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 worth $176,000 after buying an additional 124 shares during the period. Finally, Signaturefd LLC boosted its position in Entergy by 1.7% during the 3rd quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the acquisition, the director owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 10,179 shares of company stock valued at $981,707. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ETR shares. Bank of America increased their target price on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Morgan Stanley set a $91.00 price objective on Entergy in a research report on Thursday, November 20th. TD Cowen assumed coverage on shares of Entergy in a research report on Friday. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Barclays set a $100.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.19.

Entergy Stock Performance

Shares of Entergy stock opened at $93.56 on Monday. Entergy Corporation has a 1 year low of $75.04 and a 1 year high of $98.58. The firm’s 50-day moving average is $94.05 and its 200 day moving average is $91.24. 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 has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) 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. Sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

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

Entergy 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.