Entergy Corporation $ETR Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 8.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 374,567 shares of the utilities provider’s stock after acquiring an additional 29,005 shares during the period. Cullen Frost Bankers Inc.’s holdings in Entergy were worth $34,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund grew its stake in Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after acquiring an additional 7,000 shares during the period. Nordea Investment Management AB grew its stake in Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the period. TD Waterhouse Canada Inc. grew its stake in Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after acquiring an additional 13,841 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Entergy in the 3rd quarter valued at $108,005,000. Finally, Aurora Investment Counsel purchased a new position in Entergy in the 3rd quarter valued at $3,120,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity 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 transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Entergy Stock Up 1.0%

NYSE ETR opened at $110.67 on Wednesday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $110.83 and its 200-day simple moving average is $101.63. The firm has a market cap of $50.68 billion, a PE ratio of 28.23, a P/E/G ratio of 1.87 and a beta of 0.54.

Entergy (NYSE:ETR) last posted 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 return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETR. Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. UBS Group restated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Citigroup restated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.