Entergy Corporation $ETR Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Entergy Corporation (NYSE:ETR) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,065,794 shares of the utilities provider’s stock after buying an additional 35,503 shares during the quarter. Hsbc Holdings PLC’s holdings in Entergy were worth $122,681,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. United Community Bank lifted its holdings in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank bought a new stake in Entergy during the fourth quarter worth approximately $28,000. Bell Investment Advisors Inc bought a new stake in Entergy during the second quarter worth approximately $28,000. Finally, Fairway Wealth LLC acquired a new position in Entergy in the first quarter worth approximately $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE ETR opened at $106.28 on Wednesday. The company has a 50 day simple moving average of $111.32 and a 200-day simple moving average of $109.79. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The firm has a market capitalization of $49.59 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley set a $105.00 price objective on Entergy and gave the company an “equal weight” rating in a research report on Friday. Mizuho set a $122.00 price target on Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. UBS Group reiterated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by company 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.