Eventide Asset Management LLC Has $62.33 Million Stock Holdings in Entergy Corporation $ETR

Eventide Asset Management LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 673,082 shares of the utilities provider’s stock after acquiring an additional 22,039 shares during the quarter. Entergy comprises about 1.0% of Eventide Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Eventide Asset Management LLC’s holdings in Entergy were worth $62,333,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares in the last quarter. State Street Corp raised its position in shares of Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after buying an additional 1,018,503 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Bank of America Corp DE boosted its stake in 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 valued at $1,494,277,000 after buying an additional 452,562 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after buying an additional 126,625 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETR. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Barclays dropped their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Price Performance

Shares of ETR opened at $111.09 on Friday. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market capitalization of $50.87 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 business has a 50-day moving average of $112.46 and a 200-day moving average of $103.41.

Entergy (NYSE:ETR) last issued 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. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the company earned $0.82 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 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

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.