M&T Bank Corp Buys 1,528,630 Shares of Entergy Corporation $ETR

M&T Bank Corp grew its stake in shares of Entergy Corporation (NYSE:ETR) by 5,132.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,558,411 shares of the utilities provider’s stock after acquiring an additional 1,528,630 shares during the period. M&T Bank Corp’s holdings in Entergy were worth $144,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caliber Wealth Management LLC KS bought a new stake in shares of Entergy during the fourth quarter valued at about $2,404,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Entergy by 12.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 392,171 shares of the utilities provider’s stock valued at $36,311,000 after buying an additional 42,033 shares during the period. SageGuard Financial Group LLC purchased a new position in shares of Entergy during the fourth quarter worth about $294,000. Revisor Wealth Management LLC grew its holdings in shares of Entergy by 10.7% during the fourth quarter. Revisor Wealth Management LLC now owns 11,219 shares of the utilities provider’s stock worth $1,043,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Entergy by 2.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 277,054 shares of the utilities provider’s stock worth $25,608,000 after purchasing an additional 7,195 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $123.00 price objective on shares of Entergy in a report on Tuesday. Wall Street Zen lowered Entergy from a “sell” rating to a “strong sell” rating in a report on Saturday. Jefferies Financial Group reissued a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a report on Monday. TD Cowen initiated coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective for the company. Finally, KeyCorp reissued an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.74.

Entergy Stock Down 2.1%

Shares of ETR opened at $111.27 on Wednesday. The firm has a market cap of $50.94 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.24 and a beta of 0.57. The stock has a 50 day simple moving average of $107.87 and a two-hundred day simple moving average of $99.51. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy Corporation has a 1 year low of $79.40 and a 1 year high of $117.81.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the prior year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s dividend payout ratio is currently 65.47%.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.