BNP Paribas Financial Markets Has $66.24 Million Position in Entergy Corporation $ETR

BNP Paribas Financial Markets boosted its position in shares of Entergy Corporation (NYSE:ETR) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 716,638 shares of the utilities provider’s stock after purchasing an additional 66,164 shares during the quarter. BNP Paribas Financial Markets owned 0.16% of Entergy worth $66,239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ETR. Brighton Jones LLC grew its holdings in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP boosted its holdings in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares during the period. Marshall Wace LLP acquired a new position in shares of Entergy in the second quarter valued at approximately $6,869,000. Brown Advisory Inc. boosted its holdings in shares of Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after buying an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Entergy in the second quarter valued at approximately $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore set a $115.00 price target on shares of Entergy in a report on Monday, May 4th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Friday. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $118.84.

Entergy Stock Performance

NYSE ETR opened at $105.11 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The firm’s fifty day moving average price is $111.88 and its two-hundred day moving average price is $102.53. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The firm has a market capitalization of $48.13 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Entergy 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.