Panagora Asset Management Inc. Has $63.93 Million Stock Holdings in Entergy Corporation $ETR

Panagora Asset Management Inc. cut its stake in shares of Entergy Corporation (NYSE:ETR) by 37.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 691,695 shares of the utilities provider’s stock after selling 419,590 shares during the period. Panagora Asset Management Inc. owned 0.15% of Entergy worth $63,933,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position 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 valued at $74,512,000 after buying an additional 318,221 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Entergy in the third quarter valued at approximately $108,005,000. Aurora Investment Counsel acquired a new stake in shares of Entergy in the third quarter valued at approximately $3,120,000. Tounjian Advisory Partners LLC acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $1,473,000. Finally, World Investment Advisors lifted its position in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after buying an additional 38,195 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ETR shares. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, KeyCorp reissued an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Stock Performance

NYSE:ETR opened at $111.09 on Monday. The stock has a market cap of $50.87 billion, a P/E ratio of 28.34, a PEG ratio of 1.90 and a beta of 0.50. The stock has a 50 day simple moving average of $112.46 and a 200 day simple moving average of $103.47. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business 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 last year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

About Entergy

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.