Entergy Corporation $ETR Stock Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,009,045 shares of the utilities provider’s stock after selling 50,951 shares during the period. Entergy accounts for approximately 1.2% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Entergy were worth $100,158,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ETR. Union Savings Bank acquired a new position in Entergy in the 4th quarter valued at approximately $28,000. Bell Investment Advisors Inc acquired a new stake in shares of Entergy during the 2nd quarter valued at $28,000. Fairway Wealth LLC purchased a new position in shares of Entergy during the 1st quarter valued at $30,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Entergy during the 1st quarter valued at $30,000. Finally, Pingora Partners LLC acquired a new position in shares of Entergy in the second quarter worth $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ETR shares. BTIG Research reissued a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Morgan Stanley reduced their price target on Entergy from $105.00 to $98.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.47.

Entergy Stock Up 0.4%

Shares of NYSE ETR traded up $0.37 during mid-day trading on Monday, reaching $101.28. 608,666 shares of the company traded hands, compared to its average volume of 2,999,087. The company’s fifty day moving average is $105.42 and its two-hundred day moving average is $109.74. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The stock has a market cap of $47.26 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.26 and a beta of 0.46.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. Entergy’s payout ratio is currently 65.64%.

Insider Transactions at Entergy

In related news, insider Laura R. Landreaux sold 5,600 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider owned 22,589 shares in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by corporate insiders.

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.