Calamos Advisors LLC Sells 6,242 Shares of Entergy Corporation $ETR

Calamos Advisors LLC decreased its position in shares of Entergy Corporation (NYSE:ETR) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 153,722 shares of the utilities provider’s stock after selling 6,242 shares during the quarter. Calamos Advisors LLC’s holdings in Entergy were worth $14,209,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its position in Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after purchasing an additional 22,148 shares during the period. New York State Common Retirement Fund grew its position in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares during the period. Nordea Investment Management AB grew its position in Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after purchasing an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after purchasing an additional 13,841 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Entergy by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after purchasing an additional 7,212 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $113.80 on Friday. Entergy Corporation has a 12-month low of $79.40 and a 12-month high of $117.81. The firm has a market capitalization of $52.10 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.57. The firm has a 50-day moving average price of $108.49 and a 200-day moving average price of $99.83. 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 released its 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). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 4.4 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 given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ETR shares. Wells Fargo & Company restated an “overweight” rating and set a $123.00 target price on shares of Entergy in a research note on Tuesday. Siebert Williams Shank started coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. Argus raised their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $113.74.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated 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 in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.

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.