Entergy Corporation $ETR Shares Bought by TD Asset Management Inc

TD Asset Management Inc lifted its stake in Entergy Corporation (NYSE:ETR) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,368,246 shares of the utilities provider’s stock after acquiring an additional 58,337 shares during the quarter. TD Asset Management Inc’s holdings in Entergy were worth $311,327,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Lido Advisors LLC lifted its holdings in shares of Entergy by 12.6% in the 4th quarter. Lido Advisors LLC now owns 17,177 shares of the utilities provider’s stock worth $1,599,000 after acquiring an additional 1,919 shares during the last quarter. Bowen Hanes & Co. Inc. acquired a new position in shares of Entergy in the 4th quarter worth approximately $784,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Entergy in the 4th quarter worth approximately $37,000. WCG Wealth Advisors LLC acquired a new position in shares of Entergy in the 4th quarter worth approximately $1,134,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of Entergy by 74.6% in the 4th quarter. CIBC Asset Management Inc now owns 106,488 shares of the utilities provider’s stock worth $9,843,000 after acquiring an additional 45,504 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 1.3%

NYSE ETR opened at $108.97 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm’s fifty day moving average price is $112.17 and its 200 day moving average price is $102.71. The company has a market capitalization of $49.90 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ETR. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Wells Fargo & Company upped their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Scotiabank reaffirmed an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. BMO Capital Markets upped their target price on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.58.

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.