PensionDanmark Pensionsforsikringsaktieselskab Increases Position in Entergy Corporation $ETR

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Entergy Corporation (NYSE:ETR) by 10.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 83,980 shares of the utilities provider’s stock after purchasing an additional 8,200 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Entergy were worth $9,646,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ETR. Brighton Jones LLC raised its holdings in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. grew its position in shares of Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after buying an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Entergy in the 2nd quarter worth approximately $17,225,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. BMO Capital Markets lifted their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Mizuho set a $122.00 price target on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. UBS Group reiterated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Stock Performance

Shares of Entergy stock opened at $107.26 on Friday. The firm has a market capitalization of $50.05 billion, a P/E ratio of 27.50, a PEG ratio of 1.83 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average price of $111.95 and a 200 day moving average price of $108.74. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period last year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

About Entergy

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.