Resona Asset Management Co. Ltd. Reduces Holdings in Entergy Corporation $ETR

Resona Asset Management Co. Ltd. trimmed its position in shares of Entergy Corporation (NYSE:ETR) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,925 shares of the utilities provider’s stock after selling 5,260 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Entergy were worth $12,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ETR. M&T Bank Corp boosted its stake in Entergy by 5,132.9% during the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock worth $144,044,000 after buying an additional 1,528,630 shares during the period. Vanguard Group Inc. boosted its stake in Entergy by 2.6% during the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after buying an additional 1,488,238 shares during the period. Raymond James Financial Inc. boosted its stake in Entergy by 137.1% during the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock worth $190,074,000 after buying an additional 1,179,362 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Entergy during the third quarter worth $108,005,000. Finally, Pictet Asset Management Holding SA boosted its stake in Entergy by 82.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,470,596 shares of the utilities provider’s stock worth $228,357,000 after buying an additional 1,116,460 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Up 1.3%

Shares of ETR opened at $111.96 on Thursday. The firm has a market capitalization of $51.26 billion, a P/E ratio of 28.56, a P/E/G ratio of 1.89 and a beta of 0.54. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average price of $110.97 and a 200-day moving average price of $101.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The company 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 firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ETR shares. Barclays boosted their target price on shares of Entergy from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Scotiabank reissued an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. Evercore set a $115.00 target price on shares of Entergy in a research note on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.21.

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.