TD Asset Management Inc Lowers Stake in Entergy Corporation $ETR

TD Asset Management Inc decreased its position in shares of Entergy Corporation (NYSE:ETR) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,309,909 shares of the utilities provider’s stock after selling 132,133 shares during the quarter. TD Asset Management Inc’s holdings in Entergy were worth $308,450,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 1,488,238 shares during the last quarter. State Street Corp grew its position in shares of Entergy by 4.5% in the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after purchasing an additional 981,750 shares during the period. JPMorgan Chase & Co. lifted its position in Entergy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock worth $1,365,113,000 after buying an additional 472,761 shares during the period. Ameriprise Financial Inc. lifted its position in Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after buying an additional 479,093 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after buying an additional 505,344 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Mizuho set a $112.00 price objective on shares of Entergy in a research note on Friday, February 13th. TD Cowen started coverage on Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Morgan Stanley set a $98.00 price target on Entergy in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.11.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

Entergy Price Performance

Shares of NYSE ETR opened at $105.15 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $106.71. The company has a market capitalization of $47.63 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.07 and a beta of 0.65. The business has a 50-day moving average of $96.25 and a 200-day moving average of $94.10.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

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.