GW&K Investment Management LLC Has $54.16 Million Stock Position in Entergy Corporation $ETR

GW&K Investment Management LLC reduced its position in shares of Entergy Corporation (NYSE:ETR) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 581,150 shares of the utilities provider’s stock after selling 8,224 shares during the period. GW&K Investment Management LLC owned 0.13% of Entergy worth $54,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC boosted its holdings in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Entergy in the second quarter worth about $30,000. Physician Wealth Advisors Inc. lifted its position in shares of Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the 2nd quarter worth about $31,000. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Mizuho set a $112.00 price objective on Entergy in a research report on Friday, February 13th. Siebert Williams Shank assumed coverage on shares of Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. One 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.61.

Insiders Place Their Bets

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was 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 directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.7%

Shares of ETR stock opened at $106.51 on Thursday. Entergy Corporation has a one year low of $75.57 and a one year high of $107.93. 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 stock has a fifty day moving average price of $97.96 and a 200 day moving average price of $94.74. The stock has a market cap of $48.25 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm 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 (DPR) is currently 65.47%.

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.