Resona Asset Management Co. Ltd. Reduces Holdings in Entergy Corporation $ETR

Resona Asset Management Co. Ltd. decreased its holdings in Entergy Corporation (NYSE:ETR) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,925 shares of the utilities provider’s stock after selling 5,260 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Entergy were worth $12,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. Brighton Jones LLC boosted its holdings in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the last quarter. 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 worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Entergy in the second quarter worth 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 worth $354,000 after buying an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Entergy in the second quarter worth approximately $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.3%

Shares of ETR opened at $111.96 on Thursday. The company’s fifty day moving average is $110.97 and its 200 day moving average is $101.74. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The stock has a market capitalization of $51.26 billion, a PE ratio of 28.56, a P/E/G ratio of 1.89 and a beta of 0.54. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last announced its quarterly earnings results 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 company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analyst Ratings Changes

ETR has been the topic of a number of recent analyst reports. Evercore set a $115.00 target price on shares of Entergy in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial set a $130.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Monday, April 20th. Mizuho lifted their price objective on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Finally, Argus lifted their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.21.

Insiders Place Their Bets

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.