Capital International Investors Lowers Stake in Entergy Corporation $ETR

Capital International Investors reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,611,145 shares of the utilities provider’s stock after selling 234,571 shares during the period. Capital International Investors’ holdings in Entergy were worth $709,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC increased its stake in 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 during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter worth about $30,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Entergy by 56.9% in 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 in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of 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 increased its position in shares of Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ETR. Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday, February 20th. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wells Fargo & Company lifted their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. BMO Capital Markets boosted their price objective on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. One equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.61.

Entergy Price Performance

ETR opened at $104.72 on Wednesday. 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’s 50 day simple moving average is $98.91 and its 200 day simple moving average is $95.23. The firm has a market cap of $47.44 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.07 and a beta of 0.64. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $107.93.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at $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 available at the SEC website. 0.47% of the stock is owned by insiders.

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.