Confluence Investment Management LLC Sells 64,613 Shares of Entergy Corporation $ETR

Confluence Investment Management LLC cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,287,734 shares of the utilities provider’s stock after selling 64,613 shares during the quarter. Entergy comprises approximately 1.8% of Confluence Investment Management LLC’s portfolio, making the stock its 17th largest holding. Confluence Investment Management LLC’s holdings in Entergy were worth $119,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ETR. Union Bancaire Privee UBP SA raised its position in Entergy by 291.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 221,865 shares of the utilities provider’s stock worth $20,642,000 after buying an additional 165,219 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Entergy by 3.4% during the 4th quarter. GAMMA Investing LLC now owns 17,762 shares of the utilities provider’s stock valued at $1,642,000 after acquiring an additional 590 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of Entergy by 2.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 116 shares during the period. Keel Point LLC grew its stake in shares of Entergy by 12.8% in the third quarter. Keel Point LLC now owns 8,528 shares of the utilities provider’s stock worth $795,000 after acquiring an additional 971 shares during the period. Finally, New Mexico Educational Retirement Board raised its holdings in shares of Entergy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 20,198 shares of the utilities provider’s stock valued at $1,882,000 after purchasing an additional 200 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The stock was 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. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Performance

ETR opened at $103.99 on Friday. The company’s 50 day moving average is $100.65 and its 200 day moving average is $95.92. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The company has a market cap of $47.11 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.06 and a beta of 0.64. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $107.93.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley set a $98.00 target price on shares of Entergy in a research note on Friday, February 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 price target on shares of Entergy in a report on Friday, January 23rd. KeyCorp raised their price target on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, BMO Capital Markets lifted their price objective on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.17.

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.