Bank of America Corp DE Purchases 452,562 Shares of Entergy Corporation $ETR

Bank of America Corp DE raised its position in Entergy Corporation (NYSE:ETR) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,034,738 shares of the utilities provider’s stock after buying an additional 452,562 shares during the period. Bank of America Corp DE owned 3.59% of Entergy worth $1,494,277,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Physician Wealth Advisors Inc. grew its holdings in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares during the last quarter. Capital A Wealth Management LLC lifted its holdings in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the period. JFS Wealth Advisors LLC boosted its position in Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in Entergy by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp raised their target price on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. BMO Capital Markets boosted their price target on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wells Fargo & Company increased their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Argus set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley set a $98.00 price objective on shares of Entergy in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $106.61.

Entergy Stock Performance

Shares of ETR opened at $105.56 on Monday. The firm has a market cap of $47.82 billion, a PE ratio of 27.00, a PEG ratio of 2.09 and a beta of 0.64. The stock’s fifty day moving average price is $99.61 and its two-hundred day moving average price is $95.55. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $107.93.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

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.