Capital International Investors Sells 2,646,106 Shares of Entergy Corporation $ETR

Capital International Investors lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 34.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,965,039 shares of the utilities provider’s stock after selling 2,646,106 shares during the period. Capital International Investors’ holdings in Entergy were worth $459,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. Brighton Jones LLC boosted its position in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its position in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP bought a new position in Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. lifted its position in Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Entergy in the 2nd quarter valued at about $17,225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.1%

NYSE:ETR opened at $110.87 on Monday. 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 firm has a market cap of $50.77 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The firm has a 50-day moving average price of $112.48 and a two-hundred day moving average price of $102.92.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. 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, equities analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date was 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%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ETR. Evercore set a $115.00 price target on shares of Entergy in a research report on Monday, May 4th. Scotiabank reaffirmed an “outperform” rating and issued a $129.00 price target (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. Wells Fargo & Company raised their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays dropped their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.58.

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.