MUFG Securities EMEA plc Has $1.69 Million Position in Entergy Corporation $ETR

MUFG Securities EMEA plc raised its holdings in Entergy Corporation (NYSE:ETR) by 114.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,322 shares of the utilities provider’s stock after buying an additional 9,777 shares during the period. MUFG Securities EMEA plc’s holdings in Entergy were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. Texas Yale Capital Corp. grew its position in shares of Entergy by 23.4% in the 4th quarter. Texas Yale Capital Corp. now owns 3,800 shares of the utilities provider’s stock valued at $351,000 after acquiring an additional 720 shares during the period. BNP Paribas Financial Markets lifted its stake in Entergy by 10.2% in the 4th quarter. BNP Paribas Financial Markets now owns 716,638 shares of the utilities provider’s stock valued at $66,239,000 after purchasing an additional 66,164 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in Entergy by 0.6% in the 4th quarter. Gulf International Bank UK Ltd now owns 24,110 shares of the utilities provider’s stock valued at $2,228,000 after purchasing an additional 141 shares during the last quarter. Norges Bank acquired a new stake in Entergy in the 4th quarter valued at about $528,313,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Entergy in the 4th quarter valued at about $4,724,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ETR shares. JPMorgan Chase & Co. raised their target price on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Evercore set a $115.00 target price on shares of Entergy in a research note on Monday, May 4th. Mizuho raised their target price on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Finally, BMO Capital Markets raised their target price on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.84.

Entergy Stock Up 2.3%

Shares of ETR opened at $107.42 on Wednesday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The firm has a market cap of $49.19 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The firm’s 50-day simple moving average is $111.88 and its 200 day simple moving average is $102.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast 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 was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is 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.