Epoch Investment Partners Inc. Lowers Holdings in Entergy Corporation $ETR

Epoch Investment Partners Inc. lowered its position in Entergy Corporation (NYSE:ETR) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 893,183 shares of the utilities provider’s stock after selling 66,702 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Entergy were worth $82,557,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Entergy in the third quarter worth approximately $108,005,000. Aurora Investment Counsel purchased a new position in Entergy in the third quarter worth approximately $3,120,000. Tounjian Advisory Partners LLC purchased a new position in Entergy in the fourth quarter worth approximately $1,473,000. Finally, World Investment Advisors lifted its stake in Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after acquiring an additional 38,195 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. Citigroup reiterated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, BTIG Research restated a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Stock Up 1.1%

Shares of NYSE:ETR opened at $111.09 on Friday. The company has a market capitalization of $50.87 billion, a PE ratio of 28.34, a P/E/G ratio of 1.90 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The firm has a 50 day simple moving average of $112.46 and a 200-day simple moving average of $103.41.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

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.