QRG Capital Management Inc. Buys 30,864 Shares of Entergy Corporation $ETR

Key Points

• QRG Capital Management boosted its stake in Entergy by 80.1% in Q4, purchasing 30,864 shares to own 69,373 shares valued at about $6.41 million.
• Other institutions also made big moves — notably Nordea added 318,221 shares to hold 800,258 shares, and hedge funds/institutions now own 88.07% of Entergy's stock.
• Analyst sentiment is a Moderate Buy with a $118.11 consensus target; Entergy beat quarterly EPS estimates ($0.86 vs. $0.84), set FY2026 guidance of $4.25–$4.45, and declared a quarterly dividend of $0.64 (about 2.2% yield).

QRG Capital Management Inc. boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 80.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,373 shares of the utilities provider's stock after purchasing an additional 30,864 shares during the quarter. QRG Capital Management Inc.'s holdings in Entergy were worth $6,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ETR. New York State Teachers Retirement System lifted its stake in Entergy by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider's stock worth $40,408,000 after purchasing an additional 22,148 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Entergy by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider's stock valued at $17,211,000 after purchasing an additional 7,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider's stock worth $74,512,000 after purchasing an additional 318,221 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Entergy by 124.6% in the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider's stock worth $2,335,000 after buying an additional 13,841 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Entergy by 13.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider's stock worth $5,524,000 after buying an additional 7,212 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ETR shares. Argus boosted their target price on Entergy from $100.00 to $118.00 and gave the stock a "buy" rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Entergy in a report on Tuesday, April 21st. Citigroup reiterated a "neutral" rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday. Wall Street Zen raised Entergy from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, BMO Capital Markets raised their target price on shares of Entergy from $118.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.11.

Insider Activity at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company's stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Entergy Trading Up 0.8%

NYSE ETR opened at $117.28 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The stock's 50-day simple moving average is $109.64 and its two-hundred day simple moving average is $100.53. Entergy Corporation has a twelve month low of $79.40 and a twelve month high of $118.44. The company has a market capitalization of $53.69 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.30 and a beta of 0.54.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the prior year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy's dividend payout ratio (DPR) is presently 65.31%.

Entergy 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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