Anchor Capital Advisors LLC Sells 8,895 Shares of Entergy Corporation $ETR

Anchor Capital Advisors LLC lowered its position in shares of Entergy Corporation (NYSE:ETR) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 187,382 shares of the utilities provider’s stock after selling 8,895 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Entergy were worth $17,320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. United Community Bank lifted its stake in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake 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 valued at $30,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 2.3%

ETR stock opened at $107.42 on Wednesday. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The business’s 50 day moving average price is $111.88 and its two-hundred day moving average price is $102.53. 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 company has a market capitalization of $49.19 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50.

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 analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ETR. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Mizuho boosted their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Wells Fargo & Company boosted their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $131.00 price target (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Finally, BMO Capital Markets boosted their price target on Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.84.

Entergy 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.