Greenland Capital Management LP Sells 60,309 Shares of Entergy Corporation $ETR

Greenland Capital Management LP trimmed its position in Entergy Corporation (NYSE:ETR) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,814 shares of the utilities provider’s stock after selling 60,309 shares during the period. Entergy makes up approximately 1.0% of Greenland Capital Management LP’s holdings, making the stock its 17th biggest holding. Greenland Capital Management LP’s holdings in Entergy were worth $10,047,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ETR. Capital A Wealth Management LLC lifted its holdings in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its stake in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Entergy in the second quarter worth about $30,000. Physician Wealth Advisors Inc. boosted its holdings in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Up 0.8%

NYSE ETR opened at $104.82 on Tuesday. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $106.71. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The company has a market capitalization of $47.48 billion, a PE ratio of 26.81, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a fifty day moving average of $96.01 and a 200 day moving average of $93.99.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter in the previous year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s payout ratio is presently 65.47%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. BMO Capital Markets lifted their price objective on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Siebert Williams Shank began coverage on Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price for the company. Finally, Mizuho set a $112.00 price target on Entergy in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.11.

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.