DNB Asset Management AS Purchases 60,219 Shares of Entergy Corporation $ETR

DNB Asset Management AS grew its position in shares of Entergy Corporation (NYSE:ETR) by 23.9% in the fourth quarter, Holdings Channel reports. The fund owned 311,855 shares of the utilities provider’s stock after buying an additional 60,219 shares during the quarter. DNB Asset Management AS’s holdings in Entergy were worth $28,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETR. Brighton Jones LLC boosted its position in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP lifted its position in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Entergy during the second quarter worth $6,869,000. Brown Advisory Inc. lifted its position in shares of Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy during the second quarter worth $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s 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 in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Entergy Stock Down 3.4%

Shares of ETR opened at $109.08 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The stock has a market capitalization of $49.95 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.86 and a beta of 0.54. The stock has a 50 day moving average price of $110.63 and a 200 day moving average price of $101.39.

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

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ETR shares. Morgan Stanley set a $98.00 price target on Entergy in a research note on Friday, February 20th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Mizuho lifted their target price on Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Finally, Truist Financial set a $130.00 target price on Entergy and gave the stock a “buy” rating in a report on Monday, April 20th. Two equities research analysts have 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.21.

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.