Oddo BHF Asset Management Sas Buys 4,791 Shares of Entergy Corporation $ETR

Oddo BHF Asset Management Sas raised its stake in shares of Entergy Corporation (NYSE:ETR) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 33,606 shares of the utilities provider’s stock after purchasing an additional 4,791 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Entergy were worth $3,106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MFA Wealth Services raised its holdings in Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Entergy by 7.6% in the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 109 shares in the last quarter. Guidance Capital Inc. raised its holdings in Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after acquiring an additional 112 shares in the last quarter. Summit Financial LLC raised its holdings in Entergy by 4.7% in the 4th quarter. Summit Financial LLC now owns 2,510 shares of the utilities provider’s stock valued at $232,000 after acquiring an additional 112 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in Entergy by 2.9% in the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ETR shares. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price target on shares of Entergy 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 set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.68.

Entergy Price Performance

Shares of Entergy stock opened at $112.47 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The firm’s 50-day simple moving average is $112.33 and its 200-day simple moving average is $103.69. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The firm has a market cap of $51.50 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period 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. As a group, research analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid 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 is currently 65.31%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.