Providence First Trust Co Makes New Investment in Entergy Corporation $ETR

Providence First Trust Co bought a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,114 shares of the utilities provider’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of Entergy by 5.4% during the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after purchasing an additional 22,148 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after buying an additional 7,000 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after buying an additional 318,221 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 13,841 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after acquiring an additional 7,212 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $112.94 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12 month low of $79.40 and a 12 month high of $118.44. The firm has a fifty day simple moving average of $109.81 and a 200 day simple moving average of $100.64. The stock has a market capitalization of $51.71 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.32 and a beta of 0.54.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETR. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $115.00 target price on shares of Entergy in a report on Monday. BMO Capital Markets upped their price target on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, April 13th. UBS Group restated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Barclays upped their target price on shares of Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $118.11.

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.