Janney Montgomery Scott LLC Reduces Stock Holdings in Entergy Corporation $ETR

Janney Montgomery Scott LLC lowered its holdings in Entergy Corporation (NYSE:ETR) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,005 shares of the utilities provider’s stock after selling 4,905 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Entergy were worth $20,450,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETR. JPMorgan Chase & Co. boosted its holdings in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in shares of Entergy during the 4th quarter valued at about $528,313,000. Morgan Stanley lifted its holdings in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after buying an additional 1,986,369 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after buying an additional 1,826,782 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of Entergy in the fourth quarter worth about $153,616,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Barclays dropped their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. BTIG Research reaffirmed a “buy” rating and set a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Finally, Argus boosted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Price Performance

Shares of Entergy stock opened at $114.99 on Wednesday. The firm has a market cap of $52.65 billion, a PE ratio of 29.33, a P/E/G ratio of 1.99 and a beta of 0.50. Entergy Corporation has a twelve month low of $80.11 and a twelve month 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. The business has a 50-day moving average price of $111.97 and a 200 day moving average price of $105.04.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) 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 company 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 posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.