Rhumbline Advisers Buys 9,968 Shares of Entergy Corporation $ETR

Rhumbline Advisers lifted its stake in shares of Entergy Corporation (NYSE:ETRFree Report) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 811,224 shares of the utilities provider’s stock after acquiring an additional 9,968 shares during the period. Rhumbline Advisers’ holdings in Entergy were worth $75,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its stake in Entergy by 9.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,439 shares of the utilities provider’s stock worth $1,439,000 after purchasing an additional 1,329 shares during the period. Reaves W H & Co. Inc. lifted its holdings in shares of Entergy by 15.7% in the third quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock valued at $213,253,000 after purchasing an additional 310,589 shares in the last quarter. Navellier & Associates Inc. acquired a new position in shares of Entergy during the third quarter worth about $342,000. Johnson Investment Counsel Inc. grew its holdings in shares of Entergy by 7.9% during the third quarter. Johnson Investment Counsel Inc. now owns 3,541 shares of the utilities provider’s stock worth $330,000 after buying an additional 260 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Entergy by 25.1% during the third quarter. Prospera Financial Services Inc now owns 13,774 shares of the utilities provider’s stock worth $1,284,000 after buying an additional 2,760 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE:ETR opened at $102.00 on Friday. The stock has a market capitalization of $45.55 billion, a PE ratio of 25.18, a P/E/G ratio of 2.23 and a beta of 0.65. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $102.94. The firm has a fifty day simple moving average of $94.48 and a 200 day simple moving average of $93.23. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 14.26% and a return on equity of 11.53%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a dividend of $0.64 per share. The ex-dividend date is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Entergy News Roundup

Here are the key news stories impacting Entergy this week:

Analysts Set New Price Targets

Several research firms have commented on ETR. Citigroup boosted their target price on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Argus set a $100.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Siebert Williams Shank initiated coverage on shares of Entergy in a research report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price for the company. Morgan Stanley reiterated an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.83.

Check Out Our Latest Research Report on ETR

Entergy Company Profile

(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)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.