Bowen Hanes & Co. Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 8,480 shares of the utilities provider’s stock, valued at approximately $784,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Entergy during the 3rd quarter valued at about $108,005,000. Aurora Investment Counsel acquired a new position in shares of Entergy during the 3rd quarter valued at about $3,120,000. Reaves W H & Co. Inc. boosted its position in shares of Entergy by 15.7% during the 3rd quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock valued at $213,253,000 after acquiring an additional 310,589 shares during the last quarter. Finally, Tounjian Advisory Partners LLC acquired a new position in shares of Entergy during the 4th quarter valued at about $1,473,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Morgan Stanley set a $94.00 price target on shares of Entergy in a research report on Thursday, May 21st. Truist Financial set a $127.00 target price on shares of Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. UBS Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $118.58.
Entergy Trading Up 1.3%
NYSE ETR opened at $108.97 on Thursday. The firm’s 50-day moving average is $112.17 and its two-hundred day moving average is $102.71. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. 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 stock has a market capitalization of $49.90 billion, a P/E ratio of 27.80, a PEG ratio of 1.84 and a beta of 0.50.
Entergy (NYSE:ETR – Get Free Report) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter in the prior year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.
Entergy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is currently 65.31%.
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.
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