Calton & Associates Inc. purchased a new stake in Entergy Corporation (NYSE:ETR – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,297 shares of the utilities provider’s stock, valued at approximately $490,000.
A number of other institutional investors have also recently modified their holdings of ETR. Norges Bank purchased a new stake in shares of Entergy in the fourth quarter valued at approximately $528,313,000. M&T Bank Corp boosted its stake in shares of Entergy by 5,132.9% in the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after buying an additional 1,528,630 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Entergy by 2.6% in the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after buying an additional 1,488,238 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Entergy by 137.1% in the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after buying an additional 1,179,362 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Entergy in the third quarter valued at approximately $108,005,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on ETR. Mizuho lifted their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Argus lifted their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. KeyCorp restated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Barclays decreased their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.58.
Entergy Stock Up 1.3%
ETR opened at $108.97 on Thursday. The business’s fifty day moving average is $112.17 and its two-hundred day moving average is $102.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market cap of $49.90 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.84 and a beta of 0.50. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44.
Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.
Entergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is 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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