Fort Washington Investment Advisors Inc. OH Increases Position in Entergy Corporation $ETR

Fort Washington Investment Advisors Inc. OH increased its position in shares of Entergy Corporation (NYSE:ETR) by 4.3% during the 1st quarter, Holdings Channel reports. The firm owned 567,862 shares of the utilities provider’s stock after acquiring an additional 23,539 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Entergy were worth $63,805,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Entergy by 66.0% in the 4th 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 bought a new stake in Entergy in the fourth quarter worth $1,473,000. World Investment Advisors lifted its position in Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after buying an additional 38,195 shares during the last quarter. Phoenix Wealth Advisors bought a new position in Entergy during the fourth quarter valued at $1,502,000. Finally, Caliber Wealth Management LLC KS bought a new position in Entergy during the fourth quarter valued at $2,404,000. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s 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 owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ETR shares. Barclays lowered their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. BMO Capital Markets set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Stock Performance

Shares of Entergy stock opened at $115.91 on Friday. The firm has a market cap of $53.07 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The stock’s fifty day moving average price is $111.97 and its 200-day moving average price is $104.64.

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

Entergy Announces Dividend

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

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.