GW Henssler & Associates Ltd. Cuts Stock Holdings in Entergy Corporation $ETR

GW Henssler & Associates Ltd. trimmed its stake in shares of Entergy Corporation (NYSE:ETR) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 208,483 shares of the utilities provider’s stock after selling 10,031 shares during the period. GW Henssler & Associates Ltd.’s holdings in Entergy were worth $19,270,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ETR. United Community Bank lifted its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its position 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. Physician Wealth Advisors Inc. lifted its position in Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of several research reports. UBS Group reiterated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley set a $94.00 price objective on shares of Entergy in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $118.84.

Entergy Trading Down 3.6%

Shares of ETR opened at $105.11 on Tuesday. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a 50-day moving average of $111.88 and a 200 day moving average of $102.53. The firm has a market capitalization of $48.13 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) 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.