ProShare Advisors LLC Acquires 6,250 Shares of Entergy Corporation $ETR

ProShare Advisors LLC boosted its holdings in Entergy Corporation (NYSE:ETR) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 86,107 shares of the utilities provider’s stock after purchasing an additional 6,250 shares during the period. ProShare Advisors LLC’s holdings in Entergy were worth $7,959,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ETR. M&T Bank Corp lifted its stake in Entergy by 5,132.9% in the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock worth $144,044,000 after purchasing an additional 1,528,630 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Entergy by 2.6% in the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after acquiring an additional 1,488,238 shares during the period. Raymond James Financial Inc. increased its position in shares of Entergy by 137.1% in the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after acquiring an additional 1,179,362 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in shares of Entergy in the third quarter valued at about $108,005,000. Finally, Pictet Asset Management Holding SA increased its position in shares of Entergy by 82.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,470,596 shares of the utilities provider’s stock valued at $228,357,000 after acquiring an additional 1,116,460 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $112.25 on Friday. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The company’s 50-day moving average is $111.12 and its 200 day moving average is $101.86. The stock has a market capitalization of $51.40 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.91 and a beta of 0.54.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business 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 dividend of $0.64 per share. The ex-dividend date is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s payout ratio is currently 65.31%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ETR. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Citigroup restated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. UBS Group restated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Morgan Stanley set a $94.00 price objective on shares of Entergy in a research report on Thursday. Finally, Mizuho boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.00.

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.