Hsbc Holdings PLC Increases Position in Entergy Corporation $ETR

Key Points

• Hsbc Holdings PLC increased its Entergy stake by 3.4% in the second quarter, adding 35,503 shares to own 1.07 million shares valued at approximately $122.7 million. Institutional investors collectively hold 88.07% of Entergy’s stock.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $120.84. However, Wall Street Zen recently downgraded the stock from Hold to Sell.
• Entergy reported quarterly EPS of $1.03, slightly above expectations, and declared a quarterly dividend of $0.64 per share—an annualized $2.56 payout and approximately 2.4% yield.

Hsbc Holdings PLC boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,065,794 shares of the utilities provider's stock after purchasing an additional 35,503 shares during the period. Hsbc Holdings PLC owned about 0.23% of Entergy worth $122,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ETR. United Community Bank boosted its stake in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider's stock valued at $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Entergy in the 4th quarter valued at about $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy during the second quarter worth about $28,000. Finally, Fairway Wealth LLC acquired a new position in Entergy in the first quarter worth about $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ETR shares. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. BMO Capital Markets boosted their price target on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Barclays reduced their price objective on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. BTIG Research reiterated a "buy" rating and set a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Finally, Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a "buy" rating in a report on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus price target of $120.84.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.21% of the company's stock.

Entergy Price Performance

Shares of NYSE ETR opened at $106.28 on Wednesday. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The firm has a market capitalization of $49.59 billion, a PE ratio of 27.25, a P/E/G ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The business's fifty day moving average price is $111.32 and its two-hundred day moving average price is $109.79.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy's payout ratio is 65.64%.

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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