Sumitomo Mitsui Trust Group Inc. Has $91.21 Million Holdings in Entergy Corporation $ETR

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 986,822 shares of the utilities provider’s stock after selling 39,041 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Entergy were worth $91,212,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bowman & Co S.C. bought a new position in Entergy during the fourth quarter valued at about $961,000. Massachusetts Financial Services Co. MA increased its stake in Entergy by 61.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 898,316 shares of the utilities provider’s stock valued at $83,031,000 after acquiring an additional 341,980 shares during the period. Apollon Wealth Management LLC increased its stake in Entergy by 13.2% during the fourth quarter. Apollon Wealth Management LLC now owns 8,154 shares of the utilities provider’s stock valued at $754,000 after acquiring an additional 948 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new position in Entergy during the fourth quarter valued at about $261,000. Finally, Cardinal Capital Management Inc. increased its stake in Entergy by 15.0% during the fourth quarter. Cardinal Capital Management Inc. now owns 148,190 shares of the utilities provider’s stock valued at $13,697,000 after acquiring an additional 19,360 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. TD Cowen assumed coverage on Entergy in a research note on Friday, January 9th. They set a “buy” rating and a $108.00 price target on the stock. Argus boosted their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Siebert Williams Shank assumed coverage on Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 price target on the stock. Finally, Citigroup boosted their price target on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.67.

Entergy Stock Down 1.0%

NYSE ETR opened at $115.31 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average is $105.88 and its two-hundred day moving average is $98.63. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.30 and a beta of 0.57. Entergy Corporation has a 1-year low of $79.40 and a 1-year high of $117.81.

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 analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same period in the previous year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is presently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

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.