29,820 Shares in Entergy Corporation $ETR Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Entergy Corporation (NYSE:ETR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 29,820 shares of the utilities provider’s stock, valued at approximately $2,756,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after acquiring an additional 7,000 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Entergy by 124.6% in the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Entergy in the third quarter worth $108,005,000. Finally, Aurora Investment Counsel purchased a new stake in shares of Entergy in the third quarter worth $3,120,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 1.3%

Entergy stock opened at $111.96 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The stock has a market capitalization of $51.26 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54. The business’s fifty day moving average is $110.97 and its 200 day moving average is $101.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Insider Activity at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ETR. Morgan Stanley set a $98.00 target price on Entergy in a research note on Friday, February 20th. Barclays increased their target price on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. KeyCorp reissued 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. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Finally, Evercore set a $115.00 target price on Entergy in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.21.

About Entergy

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.