Fisher Asset Management LLC Buys 10,623 Shares of Entergy Corporation $ETR

Fisher Asset Management LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 285.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,346 shares of the utilities provider’s stock after acquiring an additional 10,623 shares during the period. Fisher Asset Management LLC’s holdings in Entergy were worth $1,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guidance Capital Inc. lifted its holdings in Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. CW Advisors LLC grew its holdings in Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after buying an additional 121 shares in the last quarter. Virtus Investment Advisers LLC increased its position in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after buying an additional 124 shares during the period. Finally, Signaturefd LLC increased its position in Entergy by 1.7% during the 3rd quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock worth $679,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

ETR opened at $104.78 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The firm has a market cap of $47.46 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.64. The business’s fifty day moving average is $98.45 and its 200-day moving average is $94.93.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 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 10.89%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.47%.

Analyst Ratings Changes

ETR has been the subject of a number of recent research reports. Morgan Stanley set a $98.00 target price on shares of Entergy in a research report on Friday, February 20th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Barclays set a $96.00 price objective on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, BMO Capital Markets increased their target price on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $106.61.

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.