Entergy Corporation $ETR Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 43.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,143 shares of the utilities provider’s stock after selling 9,407 shares during the quarter. Securian Asset Management Inc.’s holdings in Entergy were worth $1,122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MFA Wealth Services grew its position in Entergy by 3.8% in the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Entergy by 7.6% during the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 109 shares in the last quarter. Guidance Capital Inc. lifted its position in shares of Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 112 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Finally, Cape Investment Advisory Inc. boosted its stake in shares of Entergy by 2.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 116 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Down 0.1%

NYSE ETR opened at $112.91 on Wednesday. The company has a market capitalization of $51.70 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a 12 month low of $79.40 and a 12 month high of $118.44. The company’s fifty day moving average price is $110.32 and its two-hundred day moving average price is $101.11.

Entergy (NYSE:ETR) last released 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. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict 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 will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Tuesday, April 21st. Scotiabank reissued an “outperform” rating and issued a $129.00 price objective (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. Mizuho lifted their target price on Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Argus boosted their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, Morgan Stanley set a $98.00 price target on Entergy in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.11.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Entergy Company 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.