Duff & Phelps Investment Management Co. Increases Position in Entergy Corporation $ETR

Duff & Phelps Investment Management Co. lifted its holdings in Entergy Corporation (NYSE:ETR) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,579,455 shares of the utilities provider’s stock after buying an additional 46,403 shares during the quarter. Entergy makes up about 1.7% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 14th biggest position. Duff & Phelps Investment Management Co.’s holdings in Entergy were worth $145,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Entergy by 23.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,720 shares of the utilities provider’s stock valued at $6,722,000 after acquiring an additional 13,821 shares during the period. Cornerstone Wealth Group LLC lifted its position in shares of Entergy by 7.9% during the fourth quarter. Cornerstone Wealth Group LLC now owns 2,370 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 173 shares during the last quarter. CWM LLC lifted its position in shares of Entergy by 12.8% during the fourth quarter. CWM LLC now owns 26,034 shares of the utilities provider’s stock worth $2,406,000 after purchasing an additional 2,950 shares during the last quarter. KBC Group NV boosted its stake in shares of Entergy by 45.9% during the fourth quarter. KBC Group NV now owns 49,277 shares of the utilities provider’s stock valued at $4,555,000 after purchasing an additional 15,506 shares during the period. Finally, LBP AM SA bought a new position in shares of Entergy in the fourth quarter worth about $5,046,000. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The stock was 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 in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. Mizuho upped their target price on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Barclays raised their target price on shares of Entergy from $96.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price target on shares of Entergy in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

Entergy Trading Up 0.6%

NYSE ETR opened at $115.61 on Friday. Entergy Corporation has a one year low of $79.40 and a one year high of $117.81. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The company has a market capitalization of $52.93 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57. The company’s 50-day simple moving average is $106.99 and its two-hundred day simple moving average is $99.02.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.99 billion. During the same period in the previous year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a dividend of $0.64 per share. 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 dividend payout ratio (DPR) is 65.47%.

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.