ProShare Advisors LLC Grows Stake in Entergy Corporation $ETR

ProShare Advisors LLC grew its position in shares of Entergy Corporation (NYSE:ETR) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,107 shares of the utilities provider’s stock after purchasing an additional 6,250 shares during the period. ProShare Advisors LLC’s holdings in Entergy were worth $7,959,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Entergy by 1.0% during 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 in the last quarter. State Street Corp grew its position in shares of Entergy by 1.8% during 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 in the last quarter. Bank of America Corp DE grew its position in shares of Entergy by 2.9% during 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of Entergy by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after purchasing an additional 472,761 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Entergy by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 4,023,195 shares of the utilities provider’s stock valued at $374,922,000 after purchasing an additional 62,958 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE ETR opened at $112.25 on Friday. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market capitalization of $51.40 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.91 and a beta of 0.54. The company has a fifty day moving average of $111.12 and a 200-day moving average of $101.86.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Barclays lifted their price objective on shares of Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Truist Financial set a $130.00 price objective on shares of Entergy and gave the stock a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

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.