Ceredex Value Advisors LLC Trims Position in Entergy Corporation $ETR

Ceredex Value Advisors LLC decreased its position in shares of Entergy Corporation (NYSE:ETR) by 40.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,300 shares of the utilities provider’s stock after selling 154,550 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.05% of Entergy worth $21,462,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ETR. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in 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 in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Entergy during the second quarter worth about $30,000. Physician Wealth Advisors Inc. raised its stake in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Hantz Financial Services Inc. lifted its holdings in Entergy by 150.4% in 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 in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’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 directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Entergy Trading Down 0.0%

ETR opened at $104.68 on Tuesday. The stock has a 50-day moving average of $98.68 and a 200 day moving average of $95.12. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93. The firm has a market cap of $47.42 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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 company had revenue of $2.96 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Analysts Set New Price Targets

ETR has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. BMO Capital Markets raised their price objective on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.61.

About Entergy

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.