Hsbc Holdings PLC Raises Stock Holdings in Entergy Corporation $ETR

Hsbc Holdings PLC raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,161,524 shares of the utilities provider’s stock after purchasing an additional 135,390 shares during the quarter. Hsbc Holdings PLC’s holdings in Entergy were worth $107,441,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. United Community Bank boosted its stake in shares of 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 buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in shares of Entergy by 119.4% in 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 bought a new stake in shares of Entergy in the fourth quarter worth $28,000. Valley National Advisers Inc. raised its holdings in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in Entergy in the fourth quarter valued at $37,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on ETR shares. BTIG Research reissued a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Barclays cut their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $94.00 price objective on Entergy in a report on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value 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 trade 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Performance

Entergy stock opened at $115.00 on Friday. The company has a market cap of $52.66 billion, a PE ratio of 29.34, a P/E/G ratio of 1.96 and a beta of 0.50. The company has a fifty day moving average price of $112.12 and a two-hundred day moving average price of $105.41. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share 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 company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.2%. Entergy’s dividend payout ratio is 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.