DNB Asset Management AS Purchases 50,264 Shares of Entergy Corporation $ETR

DNB Asset Management AS increased its position in shares of Entergy Corporation (NYSE:ETR) by 25.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,636 shares of the utilities provider’s stock after purchasing an additional 50,264 shares during the period. DNB Asset Management AS owned approximately 0.06% of Entergy worth $23,450,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its stake in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares during the last quarter. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Entergy in the second quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 2nd quarter worth approximately $31,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ETR. JPMorgan Chase & Co. cut their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company boosted their target price on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. KeyCorp set a $102.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, TD Cowen assumed coverage on shares of Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $107.05 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The stock’s fifty day moving average price is $97.12 and its 200-day moving average price is $94.38. The firm has a market cap of $48.49 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.09 and a beta of 0.65. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.21.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period last year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

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.