Entergy Corporation $ETR Position Increased by Magellan Asset Management Ltd

Magellan Asset Management Ltd raised its position in Entergy Corporation (NYSE:ETR) by 17.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,338 shares of the utilities provider’s stock after purchasing an additional 51,987 shares during the quarter. Magellan Asset Management Ltd owned approximately 0.08% of Entergy worth $32,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Guidance Capital Inc. grew its stake in shares of Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 116 shares in the last quarter. CW Advisors LLC increased its stake in shares of Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 121 shares during the last quarter. Finally, Virtus Investment Advisers LLC increased its stake in shares of Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE:ETR opened at $105.15 on Wednesday. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.07 and a beta of 0.65. The business has a 50 day moving average price of $96.25 and a 200 day moving average price of $94.10. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $106.71.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp set a $102.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. Mizuho set a $112.00 price target on Entergy in a research report on Friday, February 13th. UBS Group reiterated a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

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.