Entergy Corporation $ETR Shares Acquired by Magellan Asset Management Ltd

Magellan Asset Management Ltd increased its stake in Entergy Corporation (NYSE:ETR) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,955 shares of the utilities provider’s stock after acquiring an additional 17,617 shares during the period. Magellan Asset Management Ltd’s holdings in Entergy were worth $34,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Brighton Jones LLC lifted its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP raised its holdings in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new stake in Entergy in the second quarter valued at $6,869,000. Brown Advisory Inc. raised its holdings in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Entergy during the second quarter valued at $17,225,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Up 0.7%

NYSE:ETR opened at $109.40 on Friday. The stock’s 50 day moving average price is $112.31 and its 200 day moving average price is $102.81. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a market capitalization of $50.09 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.85 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 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 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 prior year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were 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 was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.31%.

Wall Street Analyst Weigh In

ETR has been the subject of several recent research reports. Evercore set a $115.00 target price on shares of Entergy in a research note on Monday, May 4th. Scotiabank reaffirmed an “outperform” rating and issued a $129.00 price objective (up from $114.00) on shares of Entergy in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $131.00 price objective (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Wells Fargo & Company upped their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, BMO Capital Markets upped their price target on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.58.

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.