Panagora Asset Management Inc. Sells 419,590 Shares of Entergy Corporation $ETR

Panagora Asset Management Inc. trimmed its stake in shares of Entergy Corporation (NYSE:ETR) by 37.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 691,695 shares of the utilities provider’s stock after selling 419,590 shares during the quarter. Panagora Asset Management Inc.’s holdings in Entergy were worth $63,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ETR. JPMorgan Chase & Co. lifted its position in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank bought a new position in shares of Entergy in the 4th quarter valued at $528,313,000. Morgan Stanley increased its stake in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after purchasing an additional 1,986,369 shares during the last quarter. M&T Bank Corp increased its stake in shares of Entergy by 5,132.9% in the 4th quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after purchasing an additional 1,528,630 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after purchasing an additional 1,488,238 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 0.0%

NYSE ETR opened at $111.09 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The business’s fifty day moving average is $112.46 and its 200 day moving average is $103.47.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. 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. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.31%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. BMO Capital Markets set a $123.00 price target on Entergy in a research note on Wednesday. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. KeyCorp reiterated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Finally, Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.