NEOS Investment Management LLC Buys 28,488 Shares of Entergy Corporation $ETR

NEOS Investment Management LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,575 shares of the utilities provider’s stock after purchasing an additional 28,488 shares during the quarter. NEOS Investment Management LLC’s holdings in Entergy were worth $10,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Guidance Capital Inc. boosted its position in Entergy by 0.8% in the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Entergy by 3.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after purchasing an additional 118 shares during the last quarter. Finally, CW Advisors LLC boosted its stake in shares of Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 121 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on ETR. Morgan Stanley reaffirmed an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. Evercore lifted their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.72.

Entergy Trading Down 0.7%

ETR opened at $104.36 on Wednesday. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $106.71. The company has a fifty day moving average of $95.17 and a 200-day moving average of $93.63. The stock has a market cap of $46.60 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 11.04%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

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.