ArrowMark Colorado Holdings LLC Lowers Position in Entergy Corporation $ETR

ArrowMark Colorado Holdings LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 48.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,155 shares of the utilities provider’s stock after selling 4,787 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Entergy were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ETR. Alkeon Capital Management LLC raised its stake in Entergy by 15.4% in the third quarter. Alkeon Capital Management LLC now owns 3,004,291 shares of the utilities provider’s stock worth $279,970,000 after buying an additional 400,000 shares in the last quarter. Alliancebernstein L.P. boosted its position in Entergy by 9.4% during the 3rd quarter. Alliancebernstein L.P. now owns 652,117 shares of the utilities provider’s stock valued at $60,771,000 after acquiring an additional 55,811 shares in the last quarter. Creative Planning increased its holdings in shares of Entergy by 19.4% in the 3rd quarter. Creative Planning now owns 100,368 shares of the utilities provider’s stock valued at $9,353,000 after acquiring an additional 16,328 shares during the period. Lazard Asset Management LLC raised its position in shares of Entergy by 223.3% in the 3rd quarter. Lazard Asset Management LLC now owns 377,633 shares of the utilities provider’s stock worth $35,192,000 after acquiring an additional 260,837 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Entergy by 12.6% in the 3rd quarter. AQR Capital Management LLC now owns 344,032 shares of the utilities provider’s stock worth $32,060,000 after acquiring an additional 38,557 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.5%

Shares of ETR stock opened at $106.15 on Tuesday. The stock’s fifty day moving average price is $99.88 and its 200 day moving average price is $95.68. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The company has a market cap of $48.08 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64. 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 released 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). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations 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. On average, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were paid a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is presently 65.47%.

Insider Activity

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ETR shares. 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 report on Thursday, December 11th. Mizuho set a $112.00 target price on shares of Entergy in a report on Friday, February 13th. Wells Fargo & Company increased their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Finally, Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $106.61.

Entergy 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.