Leeward Investments LLC MA Cuts Stock Position in Entergy Corporation $ETR

Leeward Investments LLC MA cut its stake in shares of Entergy Corporation (NYSE:ETR) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,889 shares of the utilities provider’s stock after selling 6,180 shares during the quarter. Leeward Investments LLC MA’s holdings in Entergy were worth $11,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. United Community Bank grew its position in 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 acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its position in 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 acquiring an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in 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 acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its position in 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 acquiring an additional 194 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in 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 acquiring an additional 257 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore set a $115.00 price target on Entergy in a research report on Monday, May 4th. Truist Financial set a $130.00 price target on Entergy and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Tuesday, April 21st. Finally, Barclays raised their price target on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two investment 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 issued a Sell rating to the company. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $119.21.

Entergy Trading Up 0.4%

NYSE ETR opened at $112.84 on Friday. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a 50 day simple moving average of $110.58 and a two-hundred day simple moving average of $101.34. The stock has a market cap of $51.67 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.92 and a beta of 0.54.

Entergy (NYSE:ETR) last released its quarterly earnings data 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. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insiders Place Their Bets

In other Entergy 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 sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

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.