Swiss Life Asset Management Ltd Purchases 7,444 Shares of Entergy Corporation $ETR

Swiss Life Asset Management Ltd increased its position in Entergy Corporation (NYSE:ETR) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,001 shares of the utilities provider’s stock after buying an additional 7,444 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Entergy were worth $3,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. New York State Teachers Retirement System grew its stake in shares of Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after purchasing an additional 22,148 shares during the last quarter. New York State Common Retirement Fund raised its position in 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 worth $17,211,000 after purchasing an additional 7,000 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in 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 buying an additional 13,841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Entergy by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after buying an additional 7,212 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Entergy in the 3rd quarter valued at about $108,005,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Entergy Trading Down 3.8%

ETR opened at $99.99 on Monday. The company has a fifty day moving average price of $100.78 and a two-hundred day moving average price of $96.13. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The company has a market cap of $45.29 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. 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 (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). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ETR shares. Argus set a $100.00 price target on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company upped their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Mizuho set a $112.00 target price on shares of Entergy in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Finally, UBS Group restated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.17.

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.