ANTIPODES PARTNERS Ltd Takes $108.01 Million Position in Entergy Corporation $ETR

ANTIPODES PARTNERS Ltd acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the third quarter, according to its most recent filing with the SEC. The fund acquired 1,158,886 shares of the utilities provider’s stock, valued at approximately $108,005,000. Entergy accounts for approximately 2.4% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 17th biggest holding. ANTIPODES PARTNERS Ltd owned 0.26% of Entergy as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Entergy during the second quarter valued at about $468,628,000. Boston Partners grew its stake in Entergy by 114.9% during the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after acquiring an additional 3,710,814 shares in the last quarter. Vanguard Group Inc. increased its holdings in Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after acquiring an additional 1,630,674 shares during the period. Mizuho Markets Americas LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $135,396,000. Finally, State Street Corp boosted its holdings in Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after purchasing an additional 981,750 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of several research analyst reports. TD Cowen started coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research note on Friday, January 23rd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.11.

Entergy Price Performance

Shares of Entergy stock opened at $104.01 on Friday. The company’s fifty day simple moving average is $95.78 and its two-hundred day simple moving average is $93.84. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $106.71. The firm has a market cap of $46.45 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last posted its earnings results 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 return on equity of 11.04% and a net margin of 13.66%.The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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

Entergy Company 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.