Magellan Asset Management Ltd Purchases 51,987 Shares of Entergy Corporation $ETR

Magellan Asset Management Ltd increased its position in shares of Entergy Corporation (NYSE:ETR) by 17.3% during the third quarter, HoldingsChannel.com reports. The firm owned 353,338 shares of the utilities provider’s stock after buying an additional 51,987 shares during the period. Magellan Asset Management Ltd’s holdings in Entergy were worth $32,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC increased its holdings in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the period. GoalVest Advisory LLC boosted its position in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy in the second quarter valued at about $30,000. Physician Wealth Advisors Inc. raised its position in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Entergy stock opened at $105.15 on Wednesday. The stock has a 50-day simple moving average of $96.25 and a 200 day simple moving average of $94.10. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 2.07 and a beta of 0.65. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $106.71.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share 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 during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio is currently 65.47%.

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent research reports. Argus set a $100.00 target price on Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Morgan Stanley set a $98.00 target price on shares of Entergy in a research note on Friday. KeyCorp set a $102.00 target price on shares of Entergy and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Citigroup boosted their price target on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.11.

Insider Buying and Selling

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

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.