Van ECK Associates Corp Buys 17,888 Shares of Entergy Corporation $ETR

Van ECK Associates Corp raised its stake in Entergy Corporation (NYSE:ETR) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,679 shares of the utilities provider’s stock after purchasing an additional 17,888 shares during the quarter. Van ECK Associates Corp’s holdings in Entergy were worth $15,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ETR. Capital International Inc. CA increased its holdings in Entergy by 13.7% during the third quarter. Capital International Inc. CA now owns 109,076 shares of the utilities provider’s stock worth $10,165,000 after buying an additional 13,144 shares during the last quarter. Legal & General Group Plc lifted its stake in Entergy by 1.6% in 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in Entergy by 1.2% in the third quarter. Russell Investments Group Ltd. now owns 1,358,973 shares of the utilities provider’s stock valued at $126,767,000 after acquiring an additional 16,353 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Entergy by 6.6% in the 3rd quarter. Schroder Investment Management Group now owns 296,594 shares of the utilities provider’s stock valued at $27,746,000 after acquiring an additional 18,333 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Entergy by 15.1% in the 3rd quarter. Private Advisor Group LLC now owns 31,672 shares of the utilities provider’s stock valued at $2,952,000 after acquiring an additional 4,153 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group restated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Barclays set a $96.00 price target on Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. BMO Capital Markets boosted their price target on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. KeyCorp upped their price objective on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by company insiders.

Entergy Stock Performance

Shares of ETR stock traded up $0.87 during midday trading on Friday, hitting $105.39. 287,433 shares of the company were exchanged, compared to its average volume of 2,621,744. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.93. The firm has a market capitalization of $47.74 billion, a P/E ratio of 26.96, a PEG ratio of 2.05 and a beta of 0.64. The firm’s 50 day moving average price is $99.38 and its two-hundred day moving average price is $95.36. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s payout ratio is 65.47%.

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.