World Investment Advisors Acquires 38,195 Shares of Entergy Corporation $ETR

World Investment Advisors grew its holdings in Entergy Corporation (NYSE:ETR) by 170.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,579 shares of the utilities provider’s stock after acquiring an additional 38,195 shares during the period. World Investment Advisors’ holdings in Entergy were worth $5,599,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ETR. Corient Private Wealth LLC boosted its holdings in shares of Entergy by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 105,392 shares of the utilities provider’s stock worth $9,742,000 after buying an additional 2,994 shares during the period. Union Savings Bank bought a new stake in shares of Entergy during the 4th quarter worth $28,000. Hsbc Holdings PLC boosted its holdings in shares of Entergy by 13.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,161,524 shares of the utilities provider’s stock worth $107,441,000 after buying an additional 135,390 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Entergy during the 4th quarter worth $44,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Entergy by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares during the period. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ETR shares. KeyCorp reaffirmed 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. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their target price on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Mizuho increased their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Finally, Truist Financial set a $130.00 target price on Entergy and gave the company a “buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Entergy Trading Down 1.7%

Entergy stock opened at $109.57 on Friday. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average price of $111.76 and a two-hundred day moving average price of $102.39. The stock has a market cap of $50.17 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.54.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio is presently 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.