Entergy Corporation $ETR Holdings Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in shares of Entergy Corporation (NYSE:ETR) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,990 shares of the utilities provider’s stock after buying an additional 6,386 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.08% of Entergy worth $38,211,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Cardinal Capital Management Inc. raised its holdings in Entergy by 7.5% in the 3rd quarter. Cardinal Capital Management Inc. now owns 347,670 shares of the utilities provider’s stock valued at $34,510,000 after acquiring an additional 24,187 shares in the last quarter. Shelton Wealth Management LLC bought a new stake in shares of Entergy during the 3rd quarter valued at $1,214,000. Iams Wealth Management LLC bought a new stake in shares of Entergy during the 3rd quarter valued at $535,000. V Square Quantitative Management LLC grew its holdings in shares of Entergy by 11.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,293 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 441 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Entergy by 36.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,307 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 621 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 1.1%

Shares of ETR opened at $105.13 on Friday. Entergy Corporation has a one year low of $90.87 and a one year high of $118.44. The company has a market cap of $49.06 billion, a P/E ratio of 26.96, a P/E/G ratio of 2.35 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $104.34 and a two-hundred day simple moving average of $109.68.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same period in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.40 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is 65.64%.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Entergy from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. BMO Capital Markets upped their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Truist Financial set a $119.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, KeyCorp decreased their target price on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Seventeen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $120.83.

Insiders Place Their Bets

In related news, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred 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 completion of the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by insiders.

Entergy Company Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.