Sienna Gestion Sells 13,701 Shares of Entergy Corporation $ETR

Sienna Gestion lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 11.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 108,518 shares of the utilities provider’s stock after selling 13,701 shares during the quarter. Sienna Gestion’s holdings in Entergy were worth $9,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ETR. Brighton Jones LLC grew its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP boosted its holdings in Entergy by 40.7% during the first 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 during the period. Sigma Planning Corp grew its position in shares of Entergy by 6.4% in the second quarter. Sigma Planning Corp now owns 5,612 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 338 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy during the 2nd quarter valued at approximately $30,000. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in Entergy by 21.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 4,491 shares of the utilities provider’s stock valued at $373,000 after buying an additional 779 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $104.78 on Monday. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.93. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The stock has a market cap of $47.46 billion, a P/E ratio of 26.80, a PEG ratio of 2.07 and a beta of 0.64. The company’s 50-day simple moving average is $98.45 and its 200 day simple moving average is $95.01.

Entergy (NYSE:ETR) last announced its quarterly 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 return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a $0.64 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s payout ratio is currently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the 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 completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ETR shares. TD Cowen assumed coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price target for the company. UBS Group restated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Morgan Stanley set a $98.00 price target on Entergy in a research note on Friday, February 20th. Finally, Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $106.61.

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.