Entergy Corporation $ETR Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in Entergy Corporation (NYSE:ETR) by 8.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,353 shares of the utilities provider’s stock after purchasing an additional 5,980 shares during the quarter. QRG Capital Management Inc.’s holdings in Entergy were worth $8,467,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ETR. Vanguard Group Inc. lifted its position in shares of Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after buying an additional 589,317 shares during the last quarter. State Street Corp grew 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 during the last quarter. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 8,046,287 shares in the last quarter. Bank of America Corp DE raised its stake in Entergy by 2.9% during the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after acquiring an additional 452,562 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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 acquiring an additional 126,625 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. BTIG Research reiterated a “buy” rating and set a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $123.00 target price on Entergy in a research report on Wednesday, June 10th. Finally, Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Trading Down 0.1%

NYSE ETR opened at $115.00 on Friday. The firm’s fifty day moving average is $112.12 and its two-hundred day moving average is $105.41. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a market cap of $52.66 billion, a PE ratio of 29.34, a P/E/G ratio of 1.96 and a beta of 0.50.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 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.