Ascent Group LLC Sells 7,207 Shares of Entergy Corporation $ETR

Ascent Group LLC cut its holdings in Entergy Corporation (NYSE:ETR) by 20.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,522 shares of the utilities provider’s stock after selling 7,207 shares during the period. Ascent Group LLC’s holdings in Entergy were worth $2,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital A Wealth Management LLC raised its position in shares of Entergy by 5,466.7% during the 2nd 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. Physician Wealth Advisors Inc. boosted its position 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 during the last quarter. Hantz Financial Services Inc. boosted its position 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 during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in shares of Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ETR has been the topic of several analyst reports. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. UBS Group restated a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. TD Cowen started coverage on shares of Entergy in a research report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.17.

Entergy Trading Up 0.0%

NYSE:ETR opened at $114.91 on Monday. 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 business’s 50-day simple moving average is $103.54 and its 200-day simple moving average is $97.55. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $115.32. The stock has a market capitalization of $52.61 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57.

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

Entergy Announces Dividend

The business also recently disclosed 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 dividend yield of 2.2%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

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.