Oddo BHF Asset Management Sas Has $3.11 Million Holdings in Entergy Corporation $ETR

Oddo BHF Asset Management Sas lifted its holdings in Entergy Corporation (NYSE:ETR) by 16.6% during the 4th quarter, Holdings Channel reports. The fund owned 33,606 shares of the utilities provider’s stock after acquiring an additional 4,791 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Entergy were worth $3,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rakuten Investment Management Inc. increased its position in Entergy by 120.8% in the 4th quarter. Rakuten Investment Management Inc. now owns 58,742 shares of the utilities provider’s stock valued at $5,471,000 after acquiring an additional 32,135 shares in the last quarter. L2 Asset Management LLC increased its position in Entergy by 9.2% in the 4th quarter. L2 Asset Management LLC now owns 2,665 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 224 shares in the last quarter. Cynosure Group LLC acquired a new stake in Entergy in the 4th quarter valued at about $429,000. Twin City Private Wealth LLC increased its position in Entergy by 2.3% in the 4th quarter. Twin City Private Wealth LLC now owns 30,310 shares of the utilities provider’s stock valued at $2,802,000 after acquiring an additional 673 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Entergy by 4.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 72,212 shares of the utilities provider’s stock valued at $6,675,000 after acquiring an additional 3,037 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Argus raised their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Barclays cut their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Seventeen equities research 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. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Entergy Trading Up 1.3%

Shares of ETR opened at $112.47 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 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. The firm has a market capitalization of $51.50 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The stock’s fifty day simple moving average is $112.33 and its 200-day simple moving average is $103.69.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were 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 approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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.