Legal & General Group Plc Has $360.75 Million Position in Entergy Corporation $ETR

Legal & General Group Plc reduced its position in shares of Entergy Corporation (NYSE:ETR) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,902,955 shares of the utilities provider’s stock after selling 120,240 shares during the quarter. Legal & General Group Plc’s holdings in Entergy were worth $360,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. MFA Wealth Services lifted its holdings in Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after buying an additional 107 shares during the period. Oakworth Capital Inc. lifted its holdings in Entergy by 7.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after buying an additional 109 shares during the period. Guidance Capital Inc. lifted its holdings in Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Entergy by 56.9% during the 3rd 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 period. Finally, Cape Investment Advisory Inc. lifted its holdings in Entergy by 2.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after buying an additional 116 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on ETR shares. Barclays lifted their target price on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Finally, BMO Capital Markets lifted their target price on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Entergy Stock Down 0.2%

Shares of NYSE:ETR opened at $112.14 on Wednesday. The company has a market capitalization of $51.35 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.92 and a beta of 0.54. 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 business’s 50-day moving average is $111.59 and its 200-day moving average is $102.19. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is presently 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.