501,826 Shares in Entergy Corporation $ETR Acquired by Danske Bank A S

Danske Bank A S purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 501,826 shares of the utilities provider’s stock, valued at approximately $57,640,000. Danske Bank A S owned 0.11% of Entergy as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. United Community Bank grew its position in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its position in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank purchased a new stake in Entergy in the 4th quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in Entergy during the 2nd quarter worth $28,000. Finally, Fairway Wealth LLC acquired a new stake in Entergy during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ETR shares. BMO Capital Markets lifted their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Morgan Stanley set a $109.00 price target on Entergy in a research report on Wednesday, July 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Stock Performance

Shares of ETR opened at $108.28 on Wednesday. The stock has a market capitalization of $50.53 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.84 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company’s fifty day moving average is $111.78 and its two-hundred day moving average is $109.43.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

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.