MUFG Securities EMEA plc Has $1.69 Million Holdings in Entergy Corporation $ETR

MUFG Securities EMEA plc grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 114.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,322 shares of the utilities provider’s stock after purchasing an additional 9,777 shares during the period. MUFG Securities EMEA plc’s holdings in Entergy were worth $1,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ETR. Nordea Investment Management AB lifted its holdings in shares of Entergy by 66.0% during the 4th 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 period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Entergy during the 3rd quarter worth approximately $108,005,000. Aurora Investment Counsel bought a new stake in shares of Entergy during the 3rd quarter worth approximately $3,120,000. Reaves W H & Co. Inc. lifted its holdings in shares of Entergy by 15.7% during the 3rd quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock worth $213,253,000 after acquiring an additional 310,589 shares during the period. Finally, Tounjian Advisory Partners LLC bought a new position in Entergy in the 4th quarter valued at approximately $1,473,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ETR shares. Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Friday. UBS Group reissued a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. KeyCorp reissued an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Citigroup reissued a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.84.

Entergy Price Performance

ETR stock opened at $107.42 on Wednesday. The company has a fifty day moving average price of $111.88 and a 200-day moving average price of $102.53. The company has a market capitalization of $49.19 billion, a P/E ratio of 27.40, a PEG ratio of 1.79 and a beta of 0.50. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. 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 (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Entergy 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.