Confluence Investment Management LLC Sells 64,613 Shares of Entergy Corporation $ETR

Confluence Investment Management LLC lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,287,734 shares of the utilities provider’s stock after selling 64,613 shares during the quarter. Entergy comprises 1.8% of Confluence Investment Management LLC’s portfolio, making the stock its 17th largest position. Confluence Investment Management LLC owned approximately 0.29% of Entergy worth $119,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ETR. MFA Wealth Services grew its holdings in shares of Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 107 shares during the period. Guidance Capital Inc. lifted its stake in shares of Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in shares of Entergy by 2.9% during the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 116 shares in the last quarter. Finally, CW Advisors LLC grew its stake in Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 121 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 0.3%

Entergy stock opened at $103.99 on Friday. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93. The company has a market capitalization of $47.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64. The business’s fifty day simple moving average is $100.65 and its two-hundred day simple moving average is $95.92. 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 (NYSE:ETR) last issued 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 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 previous year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ETR. Citigroup increased their price objective on Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Wells Fargo & Company lifted their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, BMO Capital Markets boosted their price objective on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One 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 given a Sell rating to the company. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.17.

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.