Entergy Corporation $ETR Shares Purchased by Synovus Financial Corp

Synovus Financial Corp grew its stake in Entergy Corporation (NYSE:ETR) by 25.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,648 shares of the utilities provider’s stock after purchasing an additional 8,678 shares during the period. Synovus Financial Corp’s holdings in Entergy were worth $3,974,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETR. Guidance Capital Inc. boosted its position in Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 116 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares during the last quarter. Finally, CW Advisors LLC lifted its stake in Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after buying an additional 121 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of several research reports. Evercore boosted their price target on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Citigroup increased their target price on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Morgan Stanley set a $98.00 price objective on shares of Entergy in a research note on Friday. TD Cowen initiated coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.11.

Entergy Stock Performance

Shares of Entergy stock opened at $104.01 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The stock has a market capitalization of $46.45 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The business has a 50-day moving average of $95.78 and a 200 day moving average of $93.84. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $106.71.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 11.04% and a net margin of 13.66%.During the same quarter last year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s payout ratio is 65.47%.

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.