ING Groep NV Raises Holdings in Entergy Corporation $ETR

ING Groep NV grew its position in shares of Entergy Corporation (NYSE:ETR) by 825.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,045 shares of the utilities provider’s stock after buying an additional 25,906 shares during the quarter. ING Groep NV’s holdings in Entergy were worth $2,685,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. United Community Bank grew its holdings in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Entergy during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 1.4%

ETR stock opened at $109.60 on Wednesday. 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 $50.18 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company has a fifty day moving average of $112.57 and a 200-day moving average of $103.12.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.19 billion during 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 last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ETR. Morgan Stanley set a $94.00 target price on shares of Entergy in a research note on Thursday, May 21st. Evercore set a $115.00 target price on shares of Entergy in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their target price on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $118.58.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

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.