Vanguard Group Inc. Increases Position in Entergy Corporation $ETR

Vanguard Group Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,947,906 shares of the utilities provider’s stock after acquiring an additional 1,488,238 shares during the period. Vanguard Group Inc. owned 0.13% of Entergy worth $5,400,165,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent analyst reports. Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a research report on Saturday. Siebert Williams Shank assumed coverage on Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. Morgan Stanley reiterated an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price target on shares of Entergy in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $105.72.

Entergy Price Performance

NYSE:ETR opened at $104.36 on Wednesday. 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 Corporation has a 52 week low of $75.57 and a 52 week high of $106.71. The stock’s 50-day moving average price is $95.17 and its 200-day moving average price is $93.63. The stock has a market capitalization of $46.60 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 11.04%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm 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 yield of 2.5%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

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.