Banco Santander S.A. Cuts Stock Position in Entergy Corporation $ETR

Banco Santander S.A. lowered its stake in Entergy Corporation (NYSE:ETR) by 9.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 256,367 shares of the utilities provider’s stock after selling 25,788 shares during the quarter. Banco Santander S.A.’s holdings in Entergy were worth $23,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after buying an additional 589,317 shares during the last quarter. State Street Corp grew its holdings in shares of Entergy by 1.8% during the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock valued at $2,174,864,000 after buying an additional 417,077 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after buying an additional 452,562 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after buying an additional 126,625 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday. Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price target on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, BTIG Research reiterated a “buy” rating and set a $126.00 price target on shares of Entergy in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Trading Up 1.1%

Shares of NYSE:ETR opened at $111.09 on Friday. The stock has a market capitalization of $50.87 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock’s 50-day simple moving average is $112.46 and its two-hundred day simple moving average is $103.41. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44.

Entergy (NYSE:ETR) last announced its 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. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period last year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

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.