Massachusetts Financial Services Co. MA Acquires 341,980 Shares of Entergy Corporation $ETR

Massachusetts Financial Services Co. MA grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 61.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 898,316 shares of the utilities provider’s stock after buying an additional 341,980 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Entergy were worth $83,031,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC grew its stake in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after buying an additional 130 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in shares of Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after buying an additional 128 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE:ETR opened at $115.31 on Tuesday. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.30 and a beta of 0.57. Entergy Corporation has a 52 week low of $79.40 and a 52 week high of $117.81. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The firm has a 50 day moving average of $105.88 and a 200 day moving average of $98.63.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is currently 65.47%.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Argus boosted their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. BMO Capital Markets boosted their price objective on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Finally, KeyCorp boosted their price objective on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.67.

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.