Danske Bank A S Invests $57.64 Million in Entergy Corporation $ETR

Danske Bank A S purchased a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 501,826 shares of the utilities provider’s stock, valued at approximately $57,640,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its position in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the period. Marshall Wace LLP purchased a new stake in shares of Entergy during the 2nd quarter worth approximately $6,869,000. Brown Advisory Inc. boosted its stake in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy in the 2nd quarter worth approximately $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. BMO Capital Markets upped their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. BTIG Research restated a “buy” rating and issued a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Morgan Stanley set a $109.00 price objective on shares of Entergy in a research report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Trading Down 0.2%

Shares of ETR opened at $108.28 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The stock has a market cap of $50.53 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The firm has a 50 day simple moving average of $111.78 and a 200-day simple moving average of $109.43.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

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.