Assenagon Asset Management S.A. Grows Stock Position in Entergy Corporation $ETR

Assenagon Asset Management S.A. grew its holdings in Entergy Corporation (NYSE:ETR) by 429.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,692 shares of the utilities provider’s stock after acquiring an additional 213,070 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Entergy worth $24,281,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. MFA Wealth Services increased its stake in Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 107 shares in the last quarter. Guidance Capital Inc. raised its holdings in shares of Entergy by 0.8% in the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of 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 buying an additional 115 shares during the period. Cape Investment Advisory Inc. grew its holdings in shares of Entergy by 2.9% during the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after buying an additional 116 shares during the last quarter. Finally, CW Advisors LLC grew its holdings in shares of Entergy by 3.4% during the second 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 during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. dropped their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, KeyCorp upped 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. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.17.

Entergy Price Performance

NYSE:ETR opened at $102.86 on Thursday. The firm’s fifty day moving average is $101.26 and its two-hundred day moving average is $96.37. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.02 and a beta of 0.64. 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 one year low of $75.57 and a one year 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 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 for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were issued a $0.64 dividend. 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 payout ratio is presently 65.47%.

Insider Buying and Selling

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s 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 of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

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.