Entergy Corporation $ETR Stock Holdings Increased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 3.5% in the 1st quarter, Holdings Channel reports. The firm owned 144,893 shares of the utilities provider’s stock after buying an additional 4,861 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Entergy were worth $16,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. United Community Bank increased its holdings in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank bought a new stake in shares of Entergy during the 4th quarter worth $28,000. Valley National Advisers Inc. grew its holdings in shares of 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 acquiring an additional 257 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Entergy during the fourth quarter worth $37,000. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ETR. BMO Capital Markets set a $123.00 target price on Entergy in a report on Wednesday, June 10th. KeyCorp restated an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. BTIG Research reiterated a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Finally, Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Stock Down 1.2%

Shares of Entergy stock opened at $114.99 on Wednesday. The firm has a market cap of $52.65 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The stock has a 50-day simple moving average of $111.97 and a 200-day simple moving average of $105.04.

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, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Entergy Company 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.