Norges Bank Makes New Investment in Entergy Corporation $ETR

Norges Bank acquired a new stake in Entergy Corporation (NYSE:ETR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,715,816 shares of the utilities provider’s stock, valued at approximately $528,313,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Community Bank boosted its position in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in Entergy by 56.9% in the 3rd 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. boosted its position in Entergy by 150.4% in the 3rd 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. Finally, Valley National Advisers Inc. boosted its position in Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after buying an additional 257 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $108.89 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company’s 50-day simple moving average is $111.85 and its 200-day simple moving average is $102.47. The stock has a market capitalization of $49.86 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.86 and a beta of 0.50.

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

Entergy Dividend Announcement

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 $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ETR shares. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a research note on Friday. Barclays increased their target price on Entergy from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Argus increased their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Evercore set a $115.00 target price on Entergy in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $118.84.

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.