Blair William & Co. IL Raises Stock Holdings in Entergy Corporation $ETR

Blair William & Co. IL lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 168.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,792 shares of the utilities provider’s stock after acquiring an additional 38,751 shares during the period. Blair William & Co. IL’s holdings in Entergy were worth $5,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System grew its holdings in Entergy by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after buying an additional 22,148 shares during the period. New York State Common Retirement Fund increased its stake in shares of Entergy by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after acquiring an additional 7,000 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Entergy by 13.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after acquiring an additional 7,212 shares during the last quarter. Finally, World Investment Advisors boosted its position in shares of Entergy by 269.9% in the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after acquiring an additional 16,332 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley set a $98.00 price target on shares of Entergy in a research report on Friday, February 20th. Siebert Williams Shank assumed coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. Argus set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Finally, TD Cowen started coverage on shares of Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.61.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy 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 $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 SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Entergy Trading Up 0.1%

NYSE:ETR opened at $104.72 on Wednesday. The business’s 50-day moving average is $98.91 and its two-hundred day moving average is $95.23. 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 12 month low of $75.57 and a 12 month high of $107.93. The firm has a market capitalization of $47.44 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last issued its 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 company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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. 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 is currently 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.