Allstate Corp Acquires 17,616 Shares of Entergy Corporation $ETR

Allstate Corp grew its position in Entergy Corporation (NYSE:ETR) by 103.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,634 shares of the utilities provider’s stock after acquiring an additional 17,616 shares during the period. Allstate Corp’s holdings in Entergy were worth $3,201,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. MFA Wealth Services raised its stake in shares of Entergy by 3.8% in the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Entergy by 7.6% in the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 109 shares during the last quarter. Guidance Capital Inc. raised its stake in shares of Entergy by 0.8% in the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after acquiring an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its stake in shares of Entergy by 2.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of Entergy stock opened at $111.44 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market cap of $51.03 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.91 and a beta of 0.54. The firm has a 50 day simple moving average of $111.69 and a 200 day simple moving average of $102.30. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ETR. Citigroup reissued a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. BMO Capital Markets raised their price target on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Mizuho raised their price target on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Jefferies Financial Group reissued a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Finally, Evercore set a $115.00 price target on shares of Entergy in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

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.