Entergy Corporation $ETR Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. decreased its position in Entergy Corporation (NYSE:ETR) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,100 shares of the utilities provider’s stock after selling 6,500 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Entergy were worth $22,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the last quarter. Woodline Partners LP raised its stake in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. lifted its holdings in shares of 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 buying an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Entergy in the second quarter worth about $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of several analyst reports. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. KeyCorp restated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Morgan Stanley set a $94.00 price objective on Entergy in a research report on Thursday, May 21st. Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, Mizuho set a $122.00 target price on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.68.

Entergy Stock Up 0.5%

Shares of ETR opened at $115.91 on Friday. The firm has a market cap of $53.07 billion, a P/E ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.50. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The stock’s 50 day moving average is $111.97 and its two-hundred day moving average is $104.64. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 yield of 2.2%. Entergy’s dividend payout ratio is currently 65.31%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.