Mitsubishi UFJ Asset Management Co. Ltd. Has $87.19 Million Stock Position in Entergy Corporation $ETR

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Entergy Corporation (NYSE:ETR) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 928,984 shares of the utilities provider’s stock after buying an additional 38,742 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Entergy were worth $87,194,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after purchasing an additional 22,148 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Entergy by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after purchasing an additional 7,000 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after purchasing an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after purchasing an additional 13,841 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Entergy by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after purchasing an additional 7,212 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ETR shares. Barclays increased their price objective on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Evercore set a $115.00 price objective on Entergy in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Tuesday, April 21st. Morgan Stanley set a $98.00 price objective on Entergy in a research note on Friday, February 20th. Finally, Mizuho raised their price objective on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.11.

Entergy Trading Down 0.9%

Shares of ETR stock opened at $111.92 on Friday. The company has a market cap of $51.25 billion, a P/E ratio of 28.55, a PEG ratio of 2.23 and a beta of 0.54. The stock has a 50 day simple moving average of $109.94 and a two-hundred day simple moving average of $100.76. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a fifty-two week low of $79.40 and a fifty-two week 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, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. The ex-dividend date is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s payout ratio is currently 65.31%.

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Entergy 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.