Entergy Corporation $ETR Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 5,310,716 shares of the utilities provider’s stock after selling 74,639 shares during the period. Entergy comprises 1.2% of Newport Trust Company LLC’s investment portfolio, making the stock its 19th largest holding. Newport Trust Company LLC’s holdings in Entergy were worth $490,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Community Bank increased its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. increased its position in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. increased 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. increased 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, Valley National Advisers Inc. increased its position in shares of Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley set a $94.00 price objective on Entergy in a research report on Thursday. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Argus raised their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. JPMorgan Chase & Co. lifted their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Evercore set a $115.00 target price on Entergy in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Entergy Price Performance

ETR stock opened at $112.25 on Friday. The business has a 50 day moving average price of $111.12 and a 200 day moving average price of $101.86. The stock has a market cap of $51.40 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.91 and a beta of 0.54. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

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.