Entergy Corporation $ETR is Arrow Capital Pty Ltd’s 8th Largest Position

Arrow Capital Pty Ltd cut its holdings in Entergy Corporation (NYSE:ETR) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the utilities provider’s stock after selling 22,427 shares during the period. Entergy accounts for 0.1% of Arrow Capital Pty Ltd’s holdings, making the stock its 8th biggest holding. Arrow Capital Pty Ltd’s holdings in Entergy were worth $5,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Capital A Wealth Management LLC grew its holdings in 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 buying an additional 328 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Entergy by 56.9% in the third 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. lifted its holdings in shares of 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 buying an additional 194 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ETR shares. TD Cowen began coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their target price on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.61.

Entergy Price Performance

ETR stock opened at $105.56 on Friday. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.93. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $99.61 and a two-hundred day simple moving average of $95.51. The firm has a market capitalization of $47.82 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last issued 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). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the previous year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate 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 was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given 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 yield of 2.4%. Entergy’s dividend payout ratio is 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.