Entergy Corporation $ETR Stock Position Lessened by Prudential PLC

Prudential PLC lowered its position in shares of Entergy Corporation (NYSE:ETR) by 35.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,079 shares of the utilities provider’s stock after selling 36,265 shares during the period. Prudential PLC’s holdings in Entergy were worth $6,015,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. MFA Wealth Services boosted its stake in Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after buying an additional 107 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Entergy by 7.6% during the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after buying an additional 109 shares in the last quarter. Guidance Capital Inc. boosted its stake in Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 112 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in Entergy by 2.9% during the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after buying an additional 116 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in Entergy by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 2,654 shares of the utilities provider’s stock valued at $245,000 after buying an additional 117 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.5%

Shares of NYSE ETR opened at $110.87 on Friday. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The company has a market cap of $50.77 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.89 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. The business has a fifty day simple moving average of $112.48 and a 200-day simple moving average of $102.87.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 firm 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 period in the prior year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 EPS for the current 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. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore set a $115.00 target price on Entergy in a research note on Monday, May 4th. Mizuho raised their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.58.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

About Entergy

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.