Entergy Corporation $ETR Position Lessened by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Entergy Corporation (NYSE:ETR) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 986,822 shares of the utilities provider’s stock after selling 39,041 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Entergy worth $91,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MFA Wealth Services raised its holdings in shares of Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 107 shares in the last quarter. Guidance Capital Inc. raised its holdings in shares of Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after acquiring an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. raised 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 acquiring an additional 115 shares in the last quarter. Cape Investment Advisory Inc. raised its holdings in shares of Entergy by 2.9% during the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 116 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Entergy by 1.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 10,634 shares of the utilities provider’s stock worth $983,000 after acquiring an additional 122 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. Mizuho increased their target price on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Citigroup increased their target price on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. BMO Capital Markets increased their target price on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group reissued a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.67.

Entergy Trading Down 1.0%

Entergy stock opened at $115.31 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.30 and a beta of 0.57. Entergy Corporation has a one year low of $79.40 and a one year high of $117.81. The company’s fifty day moving average price is $105.88 and its two-hundred day moving average price is $98.63.

Entergy (NYSE:ETR) last issued 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 business had revenue of $2.96 billion during 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 business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. The ex-dividend date is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is 65.47%.

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.