42,414 Entergy Corporation $ETR Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in shares of Entergy Corporation (NYSE:ETR) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,114,210 shares of the utilities provider’s stock after selling 42,414 shares during the quarter. Entergy comprises approximately 1.7% of Confluence Investment Management LLC’s portfolio, making the stock its 14th biggest position. Confluence Investment Management LLC owned 0.24% of Entergy worth $110,596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ETR. Callan Family Office LLC purchased a new stake in shares of Entergy in the 2nd quarter worth approximately $3,250,000. Illinois Municipal Retirement Fund boosted its holdings in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after acquiring an additional 27,868 shares in the last quarter. Vestcor Inc grew its stake in shares of Entergy by 36.6% in the fourth quarter. Vestcor Inc now owns 78,692 shares of the utilities provider’s stock worth $7,274,000 after acquiring an additional 21,100 shares during the last quarter. Swiss National Bank grew its stake in shares of Entergy by 7.1% in the first quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock worth $147,270,000 after acquiring an additional 87,300 shares during the last quarter. Finally, Tema ETFs LLC increased its holdings in shares of Entergy by 41.8% during the second quarter. Tema ETFs LLC now owns 261,561 shares of the utilities provider’s stock valued at $30,043,000 after acquiring an additional 77,126 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ETR shares. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research note on Monday, August 17th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, BMO Capital Markets raised their price target on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.47.

Entergy Stock Performance

NYSE:ETR traded up $0.14 during mid-day trading on Thursday, reaching $99.41. The company’s stock had a trading volume of 598,510 shares, compared to its average volume of 2,995,053. Entergy Corporation has a 12-month low of $90.87 and a 12-month high of $118.44. The firm’s fifty day moving average price is $106.03 and its two-hundred day moving average price is $109.81. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a market cap of $46.39 billion, a P/E ratio of 25.46, a PEG ratio of 2.23 and a beta of 0.49.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s payout ratio is 65.64%.

Insider Buying and Selling

In other news, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the transaction, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Entergy Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.