Entergy Corporation $ETR Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 11,607,806 shares of the utilities provider’s stock after buying an additional 126,625 shares during the quarter. Geode Capital Management LLC’s holdings in Entergy were worth $1,068,725,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after acquiring an additional 589,317 shares in the last quarter. State Street Corp grew its stake in shares of Entergy by 1.8% during the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock valued at $2,174,864,000 after acquiring an additional 417,077 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after acquiring an additional 452,562 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Entergy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after acquiring an additional 472,761 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Entergy by 1.6% during the third quarter. Legal & General Group Plc now owns 4,023,195 shares of the utilities provider’s stock valued at $374,922,000 after acquiring an additional 62,958 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. Mizuho raised their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Scotiabank restated an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. One 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 stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $118.84.

Entergy Stock Down 0.7%

NYSE:ETR opened at $108.89 on Friday. The company has a market capitalization of $49.86 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.87 and a beta of 0.54. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The stock has a 50-day simple moving average of $111.85 and a 200 day simple moving average of $102.43. 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 posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.31%.

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.