Clearbridge Investments LLC Sells 298,922 Shares of Entergy Corporation $ETR

Clearbridge Investments LLC cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,695,633 shares of the utilities provider’s stock after selling 298,922 shares during the quarter. Clearbridge Investments LLC’s holdings in Entergy were worth $618,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Entergy by 1.0% during the fourth 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 lifted its holdings in shares of Entergy by 1.8% during the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after buying an additional 417,077 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after buying an additional 452,562 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock worth $1,365,113,000 after buying an additional 472,761 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after buying an additional 126,625 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE ETR opened at $110.87 on Friday. The business has a fifty day simple moving average of $112.48 and a 200 day simple moving average of $102.87. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.89 and a beta of 0.50. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETR. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial set a $127.00 price target on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Argus upped their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, BMO Capital Markets upped their price target on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $118.58.

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.