Entergy Corporation $ETR Position Trimmed by Barclays PLC

Barclays PLC decreased its holdings in Entergy Corporation (NYSE:ETR) by 42.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 847,308 shares of the utilities provider’s stock after selling 616,659 shares during the period. Barclays PLC owned about 0.19% of Entergy worth $78,961,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP grew its position in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Entergy by 6.4% during the 2nd quarter. Sigma Planning Corp now owns 5,612 shares of the utilities provider’s stock worth $466,000 after purchasing an additional 338 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Entergy during the 2nd quarter valued at $30,000. Finally, Bryn Mawr Trust Advisors LLC raised its holdings in shares of Entergy by 21.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 4,491 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 779 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Down 0.7%

ETR stock opened at $104.78 on Monday. The stock has a market capitalization of $47.46 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. The company has a 50-day moving average of $98.45 and a two-hundred day moving average of $95.01. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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 posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is 65.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ETR shares. Morgan Stanley set a $98.00 price objective on shares of Entergy in a report on Friday, February 20th. Wells Fargo & Company raised their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. KeyCorp upped their price target on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, TD Cowen assumed coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.61.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% 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.