PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Position in Entergy Corporation $ETR

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,980 shares of the utilities provider’s stock after purchasing an additional 8,200 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Entergy were worth $9,646,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ETR. JPMorgan Chase & Co. increased its holdings in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank bought a new position in shares of Entergy in the 4th quarter valued at about $528,313,000. Morgan Stanley grew its position in Entergy by 22.9% in the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after acquiring an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. increased its stake in Entergy by 89.6% during the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after acquiring an additional 1,826,782 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in Entergy during the fourth quarter worth approximately $153,616,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.7%

Shares of NYSE:ETR opened at $107.26 on Friday. The firm has a market capitalization of $50.05 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. The business has a 50 day simple moving average of $111.95 and a two-hundred day simple moving average of $108.74. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is 65.64%.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ETR. Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. BTIG Research restated a “buy” rating and issued a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

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.