Ascent Group LLC Sells 7,207 Shares of Entergy Corporation $ETR

Ascent Group LLC reduced its holdings in shares of Entergy Corporation (NYSE:ETR) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,522 shares of the utilities provider’s stock after selling 7,207 shares during the period. Ascent Group LLC’s holdings in Entergy were worth $2,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital A Wealth Management LLC grew its stake in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the period. Physician Wealth Advisors Inc. grew its position in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the period. Hantz Financial Services Inc. raised its stake 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 acquiring an additional 194 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 128 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ETR. Wells Fargo & Company boosted their target price on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Argus set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. Barclays boosted their price target on shares of Entergy from $96.00 to $118.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. BMO Capital Markets raised their price objective on shares of Entergy from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Entergy Trading Up 0.0%

ETR opened at $114.91 on Monday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $115.32. The stock has a market capitalization of $52.61 billion, a PE ratio of 29.39, a PEG ratio of 2.27 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average price of $103.54 and a two-hundred day moving average price of $97.55.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given 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 dividend yield of 2.2%. Entergy’s payout ratio is presently 65.47%.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s 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 transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

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.