Harbour Investments Inc. Acquires 11,680 Shares of Entergy Corporation $ETR

Harbour Investments Inc. increased its position in Entergy Corporation (NYSE:ETR) by 464.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,193 shares of the utilities provider’s stock after buying an additional 11,680 shares during the period. Harbour Investments Inc.’s holdings in Entergy were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETR. M&T Bank Corp grew its stake in shares of Entergy by 5,132.9% in the 4th quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after buying an additional 1,528,630 shares during the period. Vanguard Group Inc. grew its stake in shares of Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after buying an additional 1,488,238 shares during the period. Raymond James Financial Inc. grew its stake in shares of Entergy by 137.1% in the 3rd quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after buying an additional 1,179,362 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Entergy in the 3rd quarter valued at about $108,005,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Entergy by 82.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,470,596 shares of the utilities provider’s stock valued at $228,357,000 after buying an additional 1,116,460 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of NYSE ETR opened at $108.89 on Friday. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock’s 50 day moving average price is $111.85 and its 200-day moving average price is $102.43. The company has a market capitalization of $49.86 billion, a PE ratio of 27.78, a PEG ratio of 1.87 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share 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 firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is 65.31%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. KeyCorp restated an “overweight” rating and issued a $123.00 target price (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Scotiabank restated an “outperform” rating and issued a $129.00 target price (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. Citigroup restated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Mizuho raised 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, JPMorgan Chase & Co. raised their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $118.84.

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.