Thrivent Financial for Lutherans Increases Stock Holdings in Entergy Corporation $ETR

Thrivent Financial for Lutherans increased its holdings in Entergy Corporation (NYSE:ETR) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,109,003 shares of the utilities provider’s stock after acquiring an additional 13,082 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Entergy were worth $194,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after acquiring an additional 7,000 shares during the period. Nordea Investment Management AB lifted its stake in Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Entergy by 124.6% in the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in Entergy in the third quarter worth $108,005,000. Finally, Aurora Investment Counsel bought a new position in Entergy in the third quarter worth $3,120,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ETR. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Wells Fargo & Company increased their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Argus increased their price objective on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Citigroup reiterated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, Barclays increased their price objective on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.21.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Entergy Price Performance

Shares of NYSE:ETR opened at $112.84 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 business has a fifty day moving average price of $110.58 and a 200-day moving average price of $101.34. The company has a market capitalization of $51.67 billion, a PE ratio of 28.78, a PEG ratio of 1.92 and a beta of 0.54.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm 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 analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. The ex-dividend date is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio is presently 65.31%.

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.