Entergy Corporation $ETR Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its holdings in Entergy Corporation (NYSE:ETR) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,489,510 shares of the utilities provider’s stock after selling 121,748 shares during the period. Capital Research Global Investors’ holdings in Entergy were worth $507,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MFA Wealth Services boosted its stake in Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 107 shares during the period. Oakworth Capital Inc. boosted its stake in Entergy by 7.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 109 shares during the period. Guidance Capital Inc. boosted its stake in Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares during the period. Cape Investment Advisory Inc. boosted its stake in Entergy by 2.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 116 shares during the period. Finally, Baker Avenue Asset Management LP boosted its stake in Entergy by 4.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 2,654 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 117 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of analyst reports. Mizuho boosted their target price on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Argus boosted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. KeyCorp reissued an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $118.58.

Entergy Stock Up 0.1%

ETR stock opened at $110.87 on Monday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a market capitalization of $50.77 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. The firm’s 50-day moving average is $112.48 and its two-hundred day moving average is $102.92. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared 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 dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 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.