North Dakota State Investment Board Purchases Shares of 15,313 Entergy Corporation $ETR

North Dakota State Investment Board bought a new position in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,313 shares of the utilities provider’s stock, valued at approximately $1,415,000.

Other hedge funds have also recently modified their holdings of the company. United Community Bank boosted its stake in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. boosted 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. Physician Wealth Advisors Inc. boosted its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the last quarter. Finally, Valley National Advisers Inc. raised its holdings in Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ETR shares. Siebert Williams Shank started coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price target on shares of Entergy in a report on Friday, January 23rd. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Finally, BMO Capital Markets increased their target price on Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.21.

Entergy Price Performance

NYSE:ETR opened at $110.67 on Wednesday. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a market cap of $50.68 billion, a PE ratio of 28.23, a P/E/G ratio of 1.87 and a beta of 0.54. The stock has a 50 day moving average price of $110.83 and a 200 day moving average price of $101.63.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the prior year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed 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 dividend payout ratio is presently 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.