Russell Investments Group Ltd. Has $126.77 Million Stock Holdings in Entergy Corporation $ETR

Russell Investments Group Ltd. lifted its position in Entergy Corporation (NYSE:ETR) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,358,973 shares of the utilities provider’s stock after buying an additional 16,353 shares during the quarter. Russell Investments Group Ltd.’s holdings in Entergy were worth $126,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its holdings in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares during the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Entergy during the 2nd quarter worth about $30,000. Finally, JFS Wealth Advisors LLC grew its position in shares of Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after buying an additional 130 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

Entergy Price Performance

NYSE ETR opened at $104.68 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The stock has a market cap of $47.42 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.07 and a beta of 0.64. The business has a 50 day simple moving average of $98.68 and a 200 day simple moving average of $95.12. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s payout ratio is 65.47%.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Morgan Stanley set a $98.00 target price on Entergy in a research note on Friday, February 20th. Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Cowen assumed coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Citigroup raised their price objective on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $106.61.

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.