Nykredit A S Acquires New Holdings in Entergy Corporation $ETR

Key Points

• Nykredit A/S acquired 171,441 Entergy shares in the second quarter, valued at approximately $19.7 million. Institutional investors collectively own 88.07% of the utility company.
• Entergy shares were trading at $101.98, down 1.3%, while the company reported quarterly EPS of $1.03, exceeding analysts’ $1.01 estimate, and revenue of $3.52 billion.
• Entergy maintains a quarterly dividend of $0.64 per share, or $2.56 annually, yielding about 2.5%. Analysts assign the stock a consensus “Moderate Buy” rating with an average price target of $120.47.

Nykredit A S bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 171,441 shares of the utilities provider's stock, valued at approximately $19,692,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Entergy in the second quarter valued at $4,861,376,000. Bank of America Corp DE bought a new stake in shares of Entergy in the 2nd quarter valued at about $1,991,669,000. JPMorgan Chase & Co. grew its position in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank acquired a new stake in shares of Entergy in the fourth quarter valued at about $528,313,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Entergy during the second quarter worth about $633,338,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 1.3%

Shares of ETR stock opened at $101.98 on Friday. The company has a market cap of $47.59 billion, a P/E ratio of 26.15, a PEG ratio of 2.28 and a beta of 0.49. The stock has a 50 day simple moving average of $108.35 and a two-hundred day simple moving average of $110.10. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a fifty-two week low of $87.69 and a fifty-two week high of $118.44.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy's payout ratio is presently 65.64%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ETR. Barclays cut 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. Jefferies Financial Group restated a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Morgan Stanley reduced their price objective on shares of Entergy from $105.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Friday. Evercore reiterated an "outperform" rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Finally, Mizuho set a $122.00 target price on shares of Entergy and gave the stock an "outperform" rating in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $120.47.

Insider Transactions at Entergy

In related news, insider Laura Landreaux sold 5,600 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider directly owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the business's stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.21% of the company's stock.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.

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