Nykredit A S Acquires New Shares in Entergy Corporation $ETR

Nykredit A S purchased a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 192,097 shares of the utilities provider’s stock, valued at approximately $22,064,000.

Other large investors also recently bought and sold shares of the company. Callan Family Office LLC purchased a new stake in Entergy during the 2nd quarter valued at $3,250,000. Illinois Municipal Retirement Fund boosted its position in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Entergy by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after purchasing an additional 38,742 shares during the period. World Investment Advisors lifted its stake in shares of Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the period. Finally, WealthShield Partners LLC purchased a new position in shares of Entergy in the fourth quarter worth approximately $1,057,000. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Entergy Trading Up 0.9%

Entergy stock opened at $107.72 on Friday. The stock has a market cap of $50.27 billion, a P/E ratio of 27.62, a PEG ratio of 2.39 and a beta of 0.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm’s 50 day moving average price is $110.49 and its 200-day moving average price is $110.12.

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

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Barclays cut their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Evercore reaffirmed an “outperform” rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.84.

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.