Commonwealth Equity Services LLC Sells 12,586 Shares of Entergy Corporation $ETR

Commonwealth Equity Services LLC reduced its position in shares of Entergy Corporation (NYSE:ETRFree Report) by 15.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,100 shares of the utilities provider’s stock after selling 12,586 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Entergy were worth $6,479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETR. Brighton Jones LLC boosted its position in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP boosted its position in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Entergy during the 2nd quarter valued at approximately $6,869,000. Brown Advisory Inc. boosted its position in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Entergy during the 2nd quarter valued at approximately $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ETR. Mizuho increased their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Evercore set a $115.00 price target on Entergy in a report on Monday, May 4th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. Finally, Argus increased their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $118.58.

Read Our Latest Research Report on Entergy

Entergy Stock Performance

NYSE:ETR opened at $110.87 on Friday. The stock’s fifty day moving average is $112.48 and its 200 day moving average is $102.87. The firm has a market capitalization of $50.77 billion, a PE ratio of 28.28, a PEG ratio of 1.86 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter in the prior year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Entergy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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