Mitsubishi UFJ Asset Management Co. Ltd. Acquires 51,681 Shares of Entergy Corporation $ETR

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 6.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 890,242 shares of the utilities provider’s stock after acquiring an additional 51,681 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Entergy worth $82,962,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Citizens Business Bank increased its stake in Entergy by 18.3% in the third quarter. Citizens Business Bank now owns 10,557 shares of the utilities provider’s stock worth $984,000 after purchasing an additional 1,631 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Entergy in the third quarter worth about $1,004,000. MAI Capital Management increased its stake in Entergy by 20.7% in the 3rd quarter. MAI Capital Management now owns 3,417 shares of the utilities provider’s stock worth $318,000 after buying an additional 586 shares during the period. RWA Wealth Partners LLC lifted its holdings in Entergy by 4.9% during the 3rd quarter. RWA Wealth Partners LLC now owns 6,478 shares of the utilities provider’s stock valued at $604,000 after buying an additional 303 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were 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 directly owned 23,609 shares in the company, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by insiders.

Entergy Trading Up 1.3%

ETR opened at $107.05 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market cap of $48.49 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.09 and a beta of 0.65. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.21. The stock has a fifty day moving average price of $97.12 and a 200-day moving average price of $94.38.

Entergy (NYSE:ETR) last posted 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 company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter last year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, February 9th. Entergy’s payout ratio is 65.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETR. UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Siebert Williams Shank assumed coverage on Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Finally, Mizuho set a $112.00 price target on Entergy in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.11.

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.