Entergy Corporation $ETR Shares Purchased by Synovus Financial Corp

Synovus Financial Corp raised its stake in Entergy Corporation (NYSE:ETR) by 25.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,648 shares of the utilities provider’s stock after acquiring an additional 8,678 shares during the period. Synovus Financial Corp’s holdings in Entergy were worth $3,974,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETR. Capital A Wealth Management LLC lifted its position in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the last quarter. GoalVest Advisory LLC grew its stake in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Entergy in the second quarter valued at approximately $30,000. Physician Wealth Advisors Inc. grew its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.7%

Shares of ETR opened at $104.01 on Friday. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $106.71. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $46.45 billion, a P/E ratio of 26.60, a PEG ratio of 2.04 and a beta of 0.65. The firm’s 50-day moving average is $95.78 and its two-hundred day moving average is $93.84.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 11.04% and a net margin of 13.66%.During the same period last year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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 issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ETR. Mizuho set a $112.00 price target on shares of Entergy in a research note on Friday, February 13th. BMO Capital Markets increased their price objective on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley set a $98.00 price objective on shares of Entergy in a research report on Friday. Finally, Evercore boosted their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $106.11.

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.