Nordea Investment Management AB Acquires 318,221 Shares of Entergy Corporation $ETR

Nordea Investment Management AB increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 66.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 800,258 shares of the utilities provider’s stock after acquiring an additional 318,221 shares during the period. Nordea Investment Management AB’s holdings in Entergy were worth $74,512,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its stake in Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after purchasing an additional 1,488,238 shares during the period. State Street Corp raised its position 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 buying an additional 417,077 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Entergy by 2.9% in the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after buying an additional 452,562 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock worth $1,365,113,000 after buying an additional 472,761 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after acquiring an additional 479,093 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ETR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Barclays set a $96.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Morgan Stanley set a $98.00 price objective on Entergy in a research report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Finally, BMO Capital Markets boosted their target price on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $107.17.

Entergy Trading Up 1.6%

ETR opened at $101.50 on Tuesday. The firm has a market cap of $45.98 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.97 and a beta of 0.64. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93. 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 has a 50-day moving average of $100.94 and a 200 day moving average of $96.22.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter last 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, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is presently 65.47%.

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’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 completion of the sale, the executive vice president directly owned 23,609 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

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.