Entergy Corporation $ETR Shares Sold by Argent Trust Co

Argent Trust Co reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 43.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,830 shares of the utilities provider’s stock after selling 5,190 shares during the quarter. Argent Trust Co’s holdings in Entergy were worth $636,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its position in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Entergy by 150.4% in 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. Capital A Wealth Management LLC lifted its holdings in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Entergy in the second quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Entergy during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction 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 $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent research reports. 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 on the stock. Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. UBS Group reissued a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. KeyCorp set a $102.00 price target on shares of Entergy and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.11.

Entergy Price Performance

Shares of NYSE ETR opened at $107.05 on Monday. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.21. 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 firm has a 50-day moving average of $97.12 and a two-hundred day moving average of $94.43. The company has a market capitalization of $48.49 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.12 and a beta of 0.64.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect 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, March 2nd. Stockholders of record on Monday, February 9th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

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.