Hsbc Holdings PLC Increases Holdings in Entergy Corporation $ETR

Hsbc Holdings PLC increased its position in Entergy Corporation (NYSE:ETR) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,161,524 shares of the utilities provider’s stock after buying an additional 135,390 shares during the quarter. Hsbc Holdings PLC’s holdings in Entergy were worth $107,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. United Community Bank grew its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 257 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Entergy in the 4th quarter valued at $37,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Entergy in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ETR. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Barclays reduced their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.68.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Stock Performance

Shares of NYSE:ETR opened at $111.08 on Monday. The company has a market cap of $50.86 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The company has a 50-day moving average price of $112.13 and a 200-day moving average price of $104.00. The company has a current ratio of 0.96, a quick ratio of 0.73 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.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates 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 business posted $0.82 earnings per share. 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 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 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.