Brandes Investment Partners LP Grows Holdings in Entergy Corporation $ETR

Brandes Investment Partners LP boosted its holdings in Entergy Corporation (NYSE:ETR) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,372 shares of the utilities provider’s stock after purchasing an additional 6,603 shares during the quarter. Brandes Investment Partners LP owned about 0.09% of Entergy worth $36,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after purchasing an additional 589,317 shares during the last quarter. State Street Corp raised its position in Entergy by 1.8% in the 3rd quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock valued at $2,174,864,000 after purchasing an additional 417,077 shares during the last quarter. JPMorgan Chase & Co. raised its position in Entergy by 54.9% in the 4th 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. Bank of America Corp DE raised its position in Entergy by 2.9% in the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after purchasing an additional 452,562 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Entergy by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after purchasing an additional 126,625 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho upped their price objective on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Argus upped their price objective on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. BMO Capital Markets upped their price objective on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Morgan Stanley set a $94.00 price objective on shares of Entergy in a research report on Thursday, May 21st. One research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.58.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $109.60 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The stock has a market cap of $50.18 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The firm’s fifty day simple moving average is $112.57 and its 200-day simple moving average is $103.12.

Entergy (NYSE:ETR) last posted 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. The business 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 period in the prior year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis 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%.

About Entergy

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.