Vanguard Group Inc. Raises Stock Holdings in Entergy Corporation $ETR

Vanguard Group Inc. grew its stake in shares of Entergy Corporation (NYSE:ETR) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,947,906 shares of the utilities provider’s stock after buying an additional 1,488,238 shares during the period. Vanguard Group Inc. owned 12.98% of Entergy worth $5,400,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its holdings in shares of Entergy by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after acquiring an additional 22,148 shares during the last quarter. New York State Common Retirement Fund raised its position in Entergy by 3.9% during the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after purchasing an additional 7,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after purchasing an additional 7,212 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after purchasing an additional 13,841 shares during the last quarter. Finally, World Investment Advisors increased its position in shares of Entergy by 269.9% during the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 16,332 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. cut their price target on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. KeyCorp set a $102.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.72.

Entergy Stock Down 0.7%

Shares of NYSE:ETR opened at $104.36 on Wednesday. The business’s 50 day moving average is $95.17 and its 200 day moving average is $93.63. The stock has a market cap of $46.60 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $106.71. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 11.04% and a net margin of 13.66%.The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend 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 65.47%.

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.