Eventide Asset Management LLC Raises Stake in Entergy Corporation $ETR

Key Points

• Eventide Asset Management raised its stake in Entergy by 9.8% to 651,043 shares (about $60.7M), making ETR its 26th-largest holding and reflecting continued institutional buying in a stock with 88.07% institutional ownership.
• Wall Street sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average price target of $106.61, while several firms have set targets up to $112 and assigned Buy/Outperform ratings.
• Entergy slightly missed quarterly estimates (EPS $0.51 vs. $0.52; revenue $2.96B vs. $2.99B) but issued FY2026 EPS guidance of 4.25–4.45, and pays a $0.64 quarterly dividend (2.4% yield, ~65% payout ratio).

Eventide Asset Management LLC lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 651,043 shares of the utilities provider's stock after purchasing an additional 57,946 shares during the period. Entergy comprises about 1.0% of Eventide Asset Management LLC's investment portfolio, making the stock its 26th largest position. Eventide Asset Management LLC owned 0.15% of Entergy worth $60,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ETR. Clark Capital Management Group Inc. bought a new stake in Entergy during the 3rd quarter valued at about $259,000. Ausdal Financial Partners Inc. purchased a new stake in Entergy in the 3rd quarter valued at about $338,000. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Entergy by 4.7% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,604 shares of the utilities provider's stock worth $4,433,000 after acquiring an additional 2,121 shares in the last quarter. Bank of America Corp DE increased its position in shares of Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider's stock worth $1,494,277,000 after acquiring an additional 452,562 shares during the period. Finally, Bank of Nova Scotia increased its position in shares of Entergy by 60.5% during the third quarter. Bank of Nova Scotia now owns 74,074 shares of the utilities provider's stock worth $6,903,000 after acquiring an additional 27,909 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup boosted their price target on Entergy from $91.00 to $106.00 and gave the company a "neutral" rating in a report on Tuesday, November 18th. Siebert Williams Shank assumed coverage on Entergy in a report on Tuesday, January 20th. They set a "buy" rating and a $109.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Entergy in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Finally, Mizuho set a $112.00 price target on Entergy in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $106.61.

Entergy Price Performance

NYSE ETR opened at $105.56 on Friday. The company has a market cap of $47.82 billion, a PE ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64. The firm's 50 day moving average price is $99.61 and its 200-day moving average price is $95.51. 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 52-week low of $75.57 and a 52-week high of $107.93.

Entergy (NYSE:ETR - Get Free Report) 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). The company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.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. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Entergy's payout ratio is presently 65.47%.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company's stock in a transaction 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 directly 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 SEC, which is available through this link. 0.39% of the stock is owned by company insiders.

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.

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