Entergy Corporation $ETR Holdings Trimmed by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC trimmed its position in Entergy Corporation (NYSE:ETR) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,870 shares of the utilities provider’s stock after selling 29,754 shares during the period. Entergy makes up about 6.3% of HITE Hedge Asset Management LLC’s holdings, making the stock its 3rd biggest position. HITE Hedge Asset Management LLC’s holdings in Entergy were worth $98,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETR. United Community Bank grew its position in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its position in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Hantz Financial Services Inc. grew its position in Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares during the last quarter. Valley National Advisers Inc. grew its position in Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after buying an additional 257 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors purchased a new position in Entergy in the 4th quarter valued at $37,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. raised their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company raised their target price on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Entergy Trading Up 1.1%

NYSE:ETR opened at $111.09 on Friday. The company has a market capitalization of $50.87 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.88 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The stock has a fifty day simple moving average of $112.46 and a 200-day simple moving average of $103.41.

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

Entergy Dividend Announcement

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

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

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.