BNP Paribas Financial Markets Has $66.24 Million Position in Entergy Corporation $ETR

BNP Paribas Financial Markets raised its stake in Entergy Corporation (NYSE:ETR) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 716,638 shares of the utilities provider’s stock after purchasing an additional 66,164 shares during the period. BNP Paribas Financial Markets’ holdings in Entergy were worth $66,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gulf International Bank UK Ltd grew its position in shares of Entergy by 0.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 24,110 shares of the utilities provider’s stock valued at $2,228,000 after purchasing an additional 141 shares during the last quarter. Norges Bank acquired a new position in Entergy in the 4th quarter valued at $528,313,000. Eurizon Capital SGR S.p.A. acquired a new position in Entergy in the 4th quarter valued at $4,724,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Entergy in the fourth quarter valued at about $393,000. Finally, National Pension Service grew its stake in shares of Entergy by 8.4% in the fourth quarter. National Pension Service now owns 744,432 shares of the utilities provider’s stock valued at $68,808,000 after acquiring an additional 57,600 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ETR. JPMorgan Chase & Co. upped their price target on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets upped their price target on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Wells Fargo & Company upped their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Mizuho upped their price target on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. One research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.84.

Entergy Trading Down 3.6%

Shares of Entergy stock opened at $105.11 on Tuesday. The company has a market capitalization of $48.13 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.86 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The firm’s 50-day moving average price is $111.88 and its two-hundred day moving average price is $102.53.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.19 billion for 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 period in the prior year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is 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.