Entergy Corporation $ETR Holdings Raised by Cohen & Steers Inc.

Cohen & Steers Inc. grew its stake in shares of Entergy Corporation (NYSE:ETRFree Report) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,878,982 shares of the utilities provider’s stock after acquiring an additional 69,392 shares during the quarter. Cohen & Steers Inc.’s holdings in Entergy were worth $266,104,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ETR. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new stake in shares of Entergy during the fourth quarter valued at $528,313,000. M&T Bank Corp lifted its holdings in shares of Entergy by 5,132.9% during 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 purchasing an additional 1,528,630 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Entergy by 2.6% during 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 purchasing an additional 1,488,238 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Entergy by 137.1% during 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 purchasing an additional 1,179,362 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $111.09 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The stock’s 50-day moving average is $112.46 and its two-hundred day moving average is $103.41. The firm has a market cap of $50.87 billion, a P/E ratio of 28.34, a PEG ratio of 1.88 and a beta of 0.50.

Entergy (NYSE:ETRGet Free Report) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict 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 was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp reaffirmed an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday. Finally, Morgan Stanley set a $94.00 target price on Entergy in a report on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Get Our Latest Stock Analysis on Entergy

About Entergy

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETRFree Report).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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