ANTIPODES PARTNERS Ltd Invests $108.01 Million in Entergy Corporation $ETR

ANTIPODES PARTNERS Ltd bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the third quarter, Holdings Channel.com reports. The fund bought 1,158,886 shares of the utilities provider’s stock, valued at approximately $108,005,000. Entergy accounts for approximately 2.4% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors also recently bought and sold shares of ETR. Tredje AP fonden grew its holdings in shares of Entergy by 53.1% during the 3rd quarter. Tredje AP fonden now owns 50,454 shares of the utilities provider’s stock worth $4,702,000 after acquiring an additional 17,494 shares during the period. Stevens Capital Management LP purchased a new stake in Entergy in the third quarter worth $386,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Entergy by 37.5% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 42,418 shares of the utilities provider’s stock worth $3,953,000 after purchasing an additional 11,560 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Entergy during the third quarter valued at $222,000. Finally, Synovus Financial Corp boosted its holdings in shares of Entergy by 25.5% during the 3rd quarter. Synovus Financial Corp now owns 42,648 shares of the utilities provider’s stock valued at $3,974,000 after buying an additional 8,678 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ETR. Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Morgan Stanley set a $98.00 target price on shares of Entergy in a research note on Friday. UBS Group reissued a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. dropped their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

Entergy Trading Up 0.7%

Entergy stock opened at $104.01 on Friday. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $106.71. The company has a market cap of $46.45 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.04 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The business has a 50-day simple moving average of $95.78 and a two-hundred day simple moving average of $93.84.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 11.04% and a net margin of 13.66%.During the same quarter last year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 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.