Capital Group Private Client Services Inc. Has $6.32 Million Stock Holdings in Entergy Corporation $ETR

Capital Group Private Client Services Inc. decreased its position in Entergy Corporation (NYSE:ETR) by 87.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,846 shares of the utilities provider’s stock after selling 485,946 shares during the period. Capital Group Private Client Services Inc.’s holdings in Entergy were worth $6,323,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Legal & General Group Plc grew its stake in Entergy by 1.6% in the third quarter. Legal & General Group Plc now owns 4,023,195 shares of the utilities provider’s stock valued at $374,922,000 after acquiring an additional 62,958 shares during the period. Russell Investments Group Ltd. raised its position in shares of Entergy by 1.2% during the third quarter. Russell Investments Group Ltd. now owns 1,358,973 shares of the utilities provider’s stock worth $126,767,000 after purchasing an additional 16,353 shares during the period. Schroder Investment Management Group raised its position in shares of Entergy by 6.6% during the third quarter. Schroder Investment Management Group now owns 296,594 shares of the utilities provider’s stock worth $27,746,000 after purchasing an additional 18,333 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Entergy by 15.1% during the 3rd quarter. Private Advisor Group LLC now owns 31,672 shares of the utilities provider’s stock valued at $2,952,000 after purchasing an additional 4,153 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Entergy by 4.3% in the 3rd quarter. Parallel Advisors LLC now owns 6,869 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 282 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $104.72 on Wednesday. The stock has a market cap of $47.44 billion, a PE ratio of 26.78, a P/E/G ratio of 2.07 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The firm has a 50-day moving average of $98.91 and a 200-day moving average of $95.23. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same period in the prior year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued 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 was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the 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 transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ETR. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Barclays set a $96.00 target price on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wells Fargo & Company boosted their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, Mizuho set a $112.00 target price on Entergy in a research report on Friday, February 13th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.61.

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.