Ameriprise Financial Inc. Has $1.26 Billion Stock Holdings in Entergy Corporation $ETR

Ameriprise Financial Inc. trimmed its holdings in Entergy Corporation (NYSE:ETR) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,563,922 shares of the utilities provider’s stock after selling 89,060 shares during the period. Ameriprise Financial Inc. owned about 3.04% of Entergy worth $1,264,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ETR. Brighton Jones LLC increased its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP increased its holdings in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Entergy by 10.1% in the first quarter. Summit Investment Advisors Inc. now owns 4,598 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 420 shares during the last quarter. Allworth Financial LP raised its stake in shares of Entergy by 11.2% in the second quarter. Allworth Financial LP now owns 9,368 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 944 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Entergy by 8.2% in the second quarter. Forsta AP Fonden now owns 80,800 shares of the utilities provider’s stock valued at $6,716,000 after purchasing an additional 6,100 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

ETR stock opened at $105.56 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The firm has a market cap of $47.82 billion, a PE ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64. The business has a 50 day moving average of $99.61 and a 200-day moving average of $95.51. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $107.93.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.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, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared 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 payout ratio is 65.47%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. UBS Group restated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Argus set a $100.00 price objective on shares of Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. TD Cowen started coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Morgan Stanley set a $98.00 target price on shares of Entergy in a report on Friday, February 20th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.61.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

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.