Entergy Corporation $ETR Position Boosted by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ raised its position in shares of Entergy Corporation (NYSE:ETR) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,893 shares of the utilities provider’s stock after buying an additional 4,861 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Entergy were worth $16,280,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after purchasing an additional 318,221 shares during the period. Tounjian Advisory Partners LLC acquired a new position in shares of Entergy in the 4th quarter valued at about $1,473,000. World Investment Advisors grew its position in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after buying an additional 38,195 shares during the last quarter. Caliber Wealth Management LLC KS bought a new stake in shares of Entergy during the 4th quarter valued at about $2,404,000. Finally, Phoenix Wealth Advisors acquired a new stake in Entergy during the fourth quarter worth about $1,502,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ETR. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Evercore set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. KeyCorp restated an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Barclays dropped their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, BMO Capital Markets set a $123.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Trading Down 1.2%

Shares of ETR stock opened at $114.99 on Wednesday. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The firm has a market capitalization of $52.65 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50. The stock has a fifty day moving average of $111.97 and a two-hundred day moving average of $105.04. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 65.31%.

Entergy Company 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.