Natixis Advisors LLC Increases Stock Holdings in Entergy Corporation $ETR

Natixis Advisors LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,562 shares of the utilities provider’s stock after purchasing an additional 23,848 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Entergy worth $33,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System increased its holdings in shares of Entergy by 5.4% in 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 in the last quarter. New York State Common Retirement Fund boosted its holdings in Entergy by 3.9% during the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 13,841 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after buying an additional 7,212 shares during the period. Finally, World Investment Advisors grew its position in Entergy by 269.9% during the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after buying an additional 16,332 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ETR shares. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. UBS Group reaffirmed a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. TD Cowen began coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 target price on the stock. Finally, Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $106.61.

Insider Buying and Selling

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Entergy Trading Up 0.1%

Shares of Entergy stock opened at $104.72 on Wednesday. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The business has a 50 day moving average price of $98.91 and a 200 day moving average price of $95.23. The company has a market capitalization of $47.44 billion, a P/E ratio of 26.78, a P/E/G ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

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.