Legal & General Group Plc Buys 62,958 Shares of Entergy Corporation $ETR

Key Points

• Legal & General Group Plc increased its Entergy stake by 1.6% in Q3, buying 62,958 shares to hold 4,023,195 shares (about 0.90% of the company) valued at $374,922,000.
• Entergy missed the latest quarter’s estimates ( $0.51 EPS vs. $0.52 expected; $2.96B revenue vs. $2.99B expected) but set FY2026 guidance of $4.25–$4.45 EPS; analysts’ consensus is a "Moderate Buy" with a $106.61 price target.
• The company pays a quarterly dividend of $0.64 (annualized $2.56), implying a 2.5% yield and a dividend payout ratio of 65.47%.

Legal & General Group Plc lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,023,195 shares of the utilities provider's stock after buying an additional 62,958 shares during the period. Legal & General Group Plc owned about 0.90% of Entergy worth $374,922,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ETR. Russell Investments Group Ltd. lifted its holdings in shares of Entergy by 1.2% during the third quarter. Russell Investments Group Ltd. now owns 1,358,973 shares of the utilities provider's stock valued at $126,767,000 after acquiring an additional 16,353 shares during the period. Schroder Investment Management Group increased its position in shares of Entergy by 6.6% during the 3rd quarter. Schroder Investment Management Group now owns 296,594 shares of the utilities provider's stock worth $27,746,000 after purchasing an additional 18,333 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Entergy by 15.1% during the 3rd quarter. Private Advisor Group LLC now owns 31,672 shares of the utilities provider's stock valued at $2,952,000 after purchasing an additional 4,153 shares during the last quarter. Parallel Advisors LLC boosted its position in Entergy by 4.3% in the third quarter. Parallel Advisors LLC now owns 6,869 shares of the utilities provider's stock valued at $640,000 after buying an additional 282 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Entergy by 7.0% in the third quarter. Natixis Advisors LLC now owns 362,562 shares of the utilities provider's stock valued at $33,787,000 after buying an additional 23,848 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 0.9%

Shares of NYSE ETR opened at $103.78 on Thursday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The company has a 50-day moving average of $99.14 and a two-hundred day moving average of $95.29. The company has a market cap of $47.01 billion, a PE ratio of 26.54, a P/E/G ratio of 2.07 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. 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 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy's dividend payout ratio (DPR) is 65.47%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. Mizuho set a $112.00 price objective on shares of Entergy in a report on Friday, February 13th. BMO Capital Markets boosted their target price on Entergy from $104.00 to $112.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Argus set a $100.00 price target on Entergy and gave the company a "buy" rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Entergy in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their price objective on Entergy from $105.00 to $119.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. One 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 given a Sell rating to the company. According to data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and a consensus price target of $106.61.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business'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 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 link. 0.39% of the stock is currently owned by 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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