Tredje AP fonden Has $4.70 Million Position in Entergy Corporation $ETR

Tredje AP fonden boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 53.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 50,454 shares of the utilities provider’s stock after purchasing an additional 17,494 shares during the period. Tredje AP fonden’s holdings in Entergy were worth $4,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Guidance Capital Inc. raised its holdings in shares of Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in 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 buying an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Entergy by 3.1% during the second 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 in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after buying an additional 118 shares during the last quarter. Finally, CW Advisors LLC boosted its stake in shares of Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 121 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 0.7%

Shares of Entergy stock opened at $104.01 on Friday. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $106.71. The company’s fifty day simple moving average is $95.78 and its 200-day simple moving average is $93.87. The company has a market cap of $46.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last issued 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 net margin of 13.66% and a return on equity of 11.04%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period 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 expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen initiated coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective on the stock. Evercore increased their price target on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Morgan Stanley set a $98.00 price target on shares of Entergy in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, UBS Group reiterated a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.11.

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.