Citigroup Inc. Sells 142,967 Shares of Entergy Corporation $ETR

Citigroup Inc. decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 36.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 245,401 shares of the utilities provider’s stock after selling 142,967 shares during the period. Citigroup Inc. owned approximately 0.05% of Entergy worth $22,869,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ETR. ANTIPODES PARTNERS Ltd bought a new stake in Entergy in the third quarter valued at about $108,005,000. Tredje AP fonden grew its position in shares of Entergy by 53.1% during the 3rd quarter. Tredje AP fonden now owns 50,454 shares of the utilities provider’s stock worth $4,702,000 after buying an additional 17,494 shares during the period. Stevens Capital Management LP bought a new stake in shares of Entergy in the 3rd quarter valued at about $386,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Entergy by 37.5% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 42,418 shares of the utilities provider’s stock valued at $3,953,000 after acquiring an additional 11,560 shares during the period. Finally, Pekin Hardy Strauss Inc. bought a new position in Entergy during the 3rd quarter worth approximately $222,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.6%

Shares of Entergy stock opened at $105.64 on Friday. The firm has a market cap of $47.85 billion, a PE ratio of 27.02, a P/E/G ratio of 2.10 and a beta of 0.65. The business’s 50 day simple moving average is $96.81 and its 200 day simple moving average is $94.26. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.18.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (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 analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter last year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Analysts Set New Price Targets

Several brokerages have commented on ETR. Mizuho set a $112.00 target price on shares of Entergy in a research note on Friday, February 13th. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. UBS Group reissued a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, TD Cowen assumed coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.11.

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 sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% 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.