Adams Diversified Equity Fund Inc. Sells 6,300 Shares of Entergy Corporation $ETR

Adams Diversified Equity Fund Inc. decreased its position in Entergy Corporation (NYSE:ETR) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,600 shares of the utilities provider’s stock after selling 6,300 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Entergy were worth $19,096,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ETR. Nordea Investment Management AB grew its position in Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after buying an additional 318,221 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in Entergy during the third quarter valued at about $108,005,000. Aurora Investment Counsel bought a new position in Entergy during the third quarter valued at about $3,120,000. Tounjian Advisory Partners LLC purchased a new stake in Entergy during the fourth quarter valued at about $1,473,000. Finally, World Investment Advisors lifted its holdings in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In other 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets set a $123.00 price objective on shares of Entergy in a report on Wednesday. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday. Citigroup reaffirmed a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Trading Up 1.1%

Shares of Entergy stock opened at $111.09 on Friday. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.90 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $112.46 and its 200-day moving average price is $103.41.

Entergy (NYSE:ETR) last announced 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 net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

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.