Lmcg Investments LLC Sells 6,523 Shares of Entergy Corporation $ETR

Lmcg Investments LLC lessened its position in Entergy Corporation (NYSE:ETR) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,781 shares of the utilities provider’s stock after selling 6,523 shares during the quarter. Lmcg Investments LLC’s holdings in Entergy were worth $12,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ETR. M&T Bank Corp lifted its holdings in shares of Entergy by 5,132.9% in the 4th quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock worth $144,044,000 after acquiring an additional 1,528,630 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after acquiring an additional 1,488,238 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Entergy in the 3rd quarter worth about $135,396,000. Raymond James Financial Inc. lifted its holdings in shares of Entergy by 137.1% in the 3rd quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock worth $190,074,000 after acquiring an additional 1,179,362 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Entergy in the 3rd quarter worth about $108,005,000. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 3.8%

ETR stock opened at $112.94 on Thursday. The company has a market capitalization of $51.71 billion, a PE ratio of 28.81, a P/E/G ratio of 2.32 and a beta of 0.54. Entergy Corporation has a 12 month low of $79.40 and a 12 month high of $118.44. The firm’s 50-day moving average is $109.81 and its 200 day moving average is $100.64. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 net margin of 13.48% and a return on equity of 10.75%. During the same quarter last year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ETR. BMO Capital Markets raised their target price on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Barclays raised their target price on shares of Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Truist Financial set a $130.00 target price on shares of Entergy and gave the stock a “buy” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Citigroup restated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $118.11.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

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.