Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,171 shares of the utilities provider's stock after purchasing an additional 42,033 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Entergy worth $36,311,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. MFA Wealth Services raised its position in shares of Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider's stock worth $269,000 after buying an additional 107 shares during the period. Guidance Capital Inc. lifted its position in shares of Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider's stock worth $1,348,000 after purchasing an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position 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 purchasing an additional 115 shares in the last quarter. Cape Investment Advisory Inc. lifted its position 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 worth $381,000 after purchasing an additional 116 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Entergy by 1.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 10,634 shares of the utilities provider's stock worth $983,000 after buying an additional 122 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Entergy
In other news, EVP John C. Dinelli sold 5,372 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on ETR shares. Siebert Williams Shank started coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a "buy" rating and a $109.00 price target for the company. Truist Financial set a $130.00 target price on shares of Entergy and gave the company a "buy" rating in a research note on Monday. Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price target on shares of Entergy in a report on Friday, January 23rd. Morgan Stanley set a $98.00 price target on shares of Entergy in a report on Friday, February 20th. Finally, BMO Capital Markets upped their price objective on shares of Entergy from $118.00 to $127.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.74.
Check Out Our Latest Analysis on ETR
Entergy Price Performance
Shares of ETR opened at $113.99 on Friday. The company has a market capitalization of $52.18 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.18 and a beta of 0.57. Entergy Corporation has a fifty-two week low of $79.40 and a fifty-two week high of $117.81. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The business's 50-day moving average is $108.32 and its 200-day moving average is $99.69.
Entergy (NYSE:ETR - Get Free Report) last issued 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). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter in the prior year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.
Entergy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a $0.64 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy's dividend payout ratio is currently 65.47%.
About Entergy
(
Free Report)
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.
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