BI Asset Management Fondsmaeglerselskab A S Has $3.26 Million Stock Position in Entergy Corporation $ETR

BI Asset Management Fondsmaeglerselskab A S grew its stake in Entergy Corporation (NYSE:ETR) by 50.8% during the 1st quarter, HoldingsChannel reports. The firm owned 29,047 shares of the utilities provider’s stock after acquiring an additional 9,783 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Entergy were worth $3,264,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. United Community Bank lifted its holdings in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Union Savings Bank acquired a new stake in shares of Entergy during the fourth quarter worth approximately $28,000. Valley National Advisers Inc. increased its holdings in shares of Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors bought a new position in shares of Entergy in the fourth quarter valued at approximately $37,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

ETR opened at $112.24 on Tuesday. 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 stock has a market capitalization of $51.39 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The company’s 50 day simple moving average is $112.03 and its 200-day simple moving average is $104.14. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

ETR has been the topic of several recent analyst reports. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Wells Fargo & Company raised their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. UBS Group reissued a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $94.00 target price on Entergy in a report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $119.68.

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.