Entergy Corporation $ETR Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC cut its position in Entergy Corporation (NYSE:ETR) by 96.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,724 shares of the utilities provider’s stock after selling 64,536 shares during the quarter. Howard Capital Management LLC’s holdings in Entergy were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Entergy in the second quarter worth $4,861,376,000. Bank of America Corp DE purchased a new stake in shares of Entergy in the second quarter worth $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entergy in the second quarter worth $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Entergy by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock valued at $452,681,000 after buying an additional 161,411 shares during the period. Finally, Legal & General Group Plc bought a new stake in Entergy during the second quarter valued at $430,404,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ETR shares. KeyCorp reduced their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their target price on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Evercore reaffirmed an “outperform” rating and issued a $128.00 price target on shares of Entergy in a report on Monday, August 17th. BMO Capital Markets lifted their price target on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Truist Financial set a $119.00 price target on Entergy and gave the company a “buy” rating in a research report on Monday, October 12th. Seventeen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.83.

Entergy Price Performance

ETR stock opened at $105.13 on Friday. The firm has a 50 day simple moving average of $104.34 and a two-hundred day simple moving average of $109.68. The stock has a market cap of $49.06 billion, a PE ratio of 26.96, a P/E/G ratio of 2.35 and a beta of 0.46. Entergy Corporation has a one year low of $90.87 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.49 billion. During the same quarter last year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 4.40 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laura R. Landreaux sold 5,600 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the transaction, the insider owned 22,589 shares of the company’s stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

About Entergy

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.