Canandaigua National Bank & Trust Co. Purchases New Shares in Entergy Corporation $ETR

Canandaigua National Bank & Trust Co. purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,579 shares of the utilities provider’s stock, valued at approximately $871,000.

Several other hedge funds have also recently modified their holdings of the company. United Community Bank grew its stake in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Washington Trust Advisors Inc. raised its position in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank bought a new position in Entergy in the 4th quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in Entergy in the 1st quarter valued at approximately $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy during the first quarter worth $30,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ETR. Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Barclays decreased their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Morgan Stanley set a $109.00 target price on Entergy in a report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Stock Performance

Shares of ETR stock opened at $106.88 on Thursday. The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.86 and a beta of 0.50. The stock has a fifty day moving average of $112.05 and a 200 day moving average of $108.68. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the prior year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

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.