Eurizon Capital SGR S.p.A. Takes Position in Entergy Corporation $ETR

Eurizon Capital SGR S.p.A. purchased a new stake in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 51,015 shares of the utilities provider’s stock, valued at approximately $4,724,000.

A number of other institutional investors also recently modified their holdings of ETR. New York State Common Retirement Fund increased its position in shares of Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after acquiring an additional 7,000 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Entergy in the third quarter valued at about $108,005,000. Aurora Investment Counsel acquired a new stake in shares of Entergy in the third quarter valued at about $3,120,000. Finally, National Pension Service increased its position in shares of Entergy by 6.7% in the third quarter. National Pension Service now owns 686,832 shares of the utilities provider’s stock valued at $64,006,000 after acquiring an additional 43,044 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 3.6%

Shares of NYSE:ETR opened at $105.11 on Tuesday. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The stock has a market cap of $48.13 billion, a PE ratio of 26.81, a P/E/G ratio of 1.86 and a beta of 0.54. The business has a 50 day moving average of $111.88 and a 200-day moving average of $102.53. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid 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 65.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETR shares. Scotiabank reissued an “outperform” rating and set a $129.00 price target (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. BMO Capital Markets boosted their price target on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Citigroup reissued a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.84.

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.