Entergy Corporation $ETR Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 14.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,266,971 shares of the utilities provider’s stock after selling 1,449,275 shares during the period. Entergy comprises approximately 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 2nd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 1.85% of Entergy worth $770,399,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its holdings 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 worth $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Entergy by 150.4% during 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 during the period. Capital A Wealth Management LLC lifted its position in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Entergy in the 2nd quarter worth about $30,000. Finally, JFS Wealth Advisors LLC grew its holdings in Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after buying an additional 130 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ETR shares. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. 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 report on Tuesday, January 20th. Mizuho set a $112.00 price objective on Entergy in a report on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. Finally, Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Entergy Price Performance

Shares of ETR stock opened at $104.72 on Wednesday. The firm has a fifty day moving average of $98.91 and a two-hundred day moving average of $95.23. The firm has a market cap of $47.44 billion, a P/E ratio of 26.78, a P/E/G ratio of 2.07 and a beta of 0.64. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR) last posted its quarterly 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 firm had revenue of $2.96 billion for 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 period in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Insiders Place Their Bets

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was 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 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 filing with the SEC, which is accessible through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

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.