Eurizon Capital SGR S.p.A. Purchases New Holdings in Entergy Corporation $ETR

Eurizon Capital SGR S.p.A. purchased a new stake in Entergy Corporation (NYSE:ETR) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 51,015 shares of the utilities provider’s stock, valued at approximately $4,724,000.

Several other institutional investors have also made changes to their positions in ETR. United Community Bank boosted its stake in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. lifted its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in 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 purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Citigroup restated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Scotiabank restated an “outperform” rating and set a $129.00 price objective (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. Truist Financial set a $127.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Friday. Finally, Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.84.

Entergy Stock Down 3.6%

Shares of ETR opened at $105.11 on Tuesday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.86 and a beta of 0.54. 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 stock has a fifty day moving average of $111.88 and a 200-day moving average of $102.53.

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

Entergy Dividend Announcement

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 $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 65.31%.

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.