Cardinal Capital Management Inc. Has $13.70 Million Stock Position in Entergy Corporation $ETR

Cardinal Capital Management Inc. increased its position in shares of Entergy Corporation (NYSE:ETR) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,190 shares of the utilities provider’s stock after purchasing an additional 19,360 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Entergy were worth $13,697,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ETR. MFA Wealth Services grew its holdings in 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 last quarter. Guidance Capital Inc. grew its holdings in Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after acquiring an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in Entergy by 2.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 116 shares during the last quarter. Finally, CW Advisors LLC grew its stake in shares of Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of several research analyst reports. Citigroup increased their price target on shares of Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Finally, TD Cowen initiated coverage on shares of Entergy in a research note on Friday, January 9th. They set a “buy” rating and a $108.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $110.17.

Entergy Stock Up 2.5%

Shares of NYSE ETR opened at $117.43 on Friday. The firm has a market capitalization of $53.76 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.57. 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 1 year low of $78.46 and a 1 year high of $117.68. The firm’s 50-day moving average is $105.07 and its 200-day moving average is $98.16.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business 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 last year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio (DPR) 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.