Systematic Financial Management LP Raises Stock Position in Entergy Corporation $ETR

Systematic Financial Management LP grew its holdings in Entergy Corporation (NYSE:ETR) by 80.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,845 shares of the utilities provider’s stock after purchasing an additional 7,085 shares during the quarter. Systematic Financial Management LP’s holdings in Entergy were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after acquiring an additional 7,000 shares during the period. Nordea Investment Management AB raised its stake in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after acquiring an additional 13,841 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in shares of Entergy in the 3rd quarter valued at $108,005,000. Finally, Aurora Investment Counsel purchased a new position in shares of Entergy in the 3rd quarter valued at $3,120,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ETR. Mizuho raised their target price on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Citigroup reaffirmed a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Finally, Argus raised their price target on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Entergy Price Performance

ETR opened at $112.39 on Monday. The firm has a market cap of $51.46 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.92 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The company has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $101.96.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. 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.