Robeco Institutional Asset Management B.V. Decreases Holdings in Entergy Corporation $ETR

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. lessened its stake in Entergy Corporation (NYSE:ETRFree Report) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,865 shares of the utilities provider’s stock after selling 13,324 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Entergy were worth $357,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Entergy by 2.6% during the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after purchasing an additional 1,488,238 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Entergy in the third quarter valued at $135,396,000. Raymond James Financial Inc. grew its holdings in Entergy by 137.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after purchasing an additional 1,179,362 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Entergy during the 3rd quarter valued at $108,005,000. Finally, Electron Capital Partners LLC increased its stake in Entergy by 214.6% during the 3rd quarter. Electron Capital Partners LLC now owns 1,539,709 shares of the utilities provider’s stock worth $143,485,000 after buying an additional 1,050,233 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $115.52 on Friday. The firm has a market cap of $52.89 billion, a P/E ratio of 29.55, a P/E/G ratio of 2.28 and a beta of 0.57. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy Corporation has a 1-year low of $79.40 and a 1-year high of $117.81. The firm has a fifty day moving average of $107.34 and a two-hundred day moving average of $99.17.

Entergy (NYSE:ETRGet Free Report) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is currently 65.47%.

Analyst Ratings Changes

ETR has been the topic of a number of recent analyst reports. 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. Mizuho raised their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Citigroup lifted their target price on Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

Get Our Latest Stock Analysis on Entergy

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is owned by insiders.

About Entergy

(Free Report)

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.

See Also

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