Danske Bank A S Invests $43.60 Million in Entergy Corporation $ETR

Danske Bank A S acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 467,832 shares of the utilities provider’s stock, valued at approximately $43,597,000. Danske Bank A S owned 0.10% of Entergy at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ETR. Physician Wealth Advisors Inc. increased its stake in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in 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 period. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in shares of Entergy by 44.4% during 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 in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of Entergy stock opened at $104.23 on Thursday. The firm has a market cap of $47.22 billion, a PE ratio of 26.66, a PEG ratio of 2.09 and a beta of 0.64. The stock has a 50 day moving average of $100.39 and a 200 day moving average of $95.86. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. Entergy’s dividend payout ratio is presently 65.47%.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. Morgan Stanley set a $98.00 target price on Entergy in a research note on Friday, February 20th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. KeyCorp lifted their price objective on shares of Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Citigroup boosted their target price on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group restated a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.17.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction 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 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 through this link. 0.39% of the stock is owned by company insiders.

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.