Rhumbline Advisers Purchases 9,968 Shares of Entergy Corporation $ETR

Rhumbline Advisers grew its position in Entergy Corporation (NYSE:ETRFree Report) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 811,224 shares of the utilities provider’s stock after acquiring an additional 9,968 shares during the period. Rhumbline Advisers owned 0.18% of Entergy worth $75,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ETR. Physician Wealth Advisors Inc. grew its holdings 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 during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of Entergy by 3.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after acquiring an additional 118 shares during the last quarter. CW Advisors LLC lifted its stake in shares of Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 121 shares during the period. Finally, Virtus Investment Advisers LLC lifted its stake in shares of Entergy by 6.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 124 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 1.8%

Shares of NYSE:ETR opened at $102.00 on Friday. The company has a 50 day moving average price of $94.48 and a two-hundred day moving average price of $93.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The company has a market capitalization of $45.55 billion, a PE ratio of 25.18, a PEG ratio of 2.23 and a beta of 0.65. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $102.94.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s payout ratio is presently 63.21%.

Key Stories Impacting Entergy

Here are the key news stories impacting Entergy this week:

Analyst Ratings Changes

Several analysts have weighed in on ETR shares. BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Evercore boosted their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.83.

View Our Latest Analysis on Entergy

About Entergy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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