Bank of Montreal Can Sells 20,585 Shares of Entergy Corporation $ETR

Bank of Montreal Can trimmed its position in Entergy Corporation (NYSE:ETR) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 638,478 shares of the utilities provider’s stock after selling 20,585 shares during the quarter. Bank of Montreal Can owned about 0.14% of Entergy worth $59,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC raised its position in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the period. Physician Wealth Advisors Inc. increased its stake in 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 in the last quarter. Hantz Financial Services Inc. raised its holdings in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Entergy by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 128 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. KeyCorp increased their target price on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Mizuho set a $112.00 price objective on shares of Entergy in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Entergy Price Performance

Shares of Entergy stock opened at $104.46 on Friday. The firm has a market cap of $47.32 billion, a PE ratio of 26.72, a PEG ratio of 2.05 and a beta of 0.64. The stock has a 50 day moving average of $99.38 and a 200 day moving average of $95.36. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93.

Entergy (NYSE:ETR) last posted 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). The firm had revenue of $2.96 billion for 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 quarter in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.