Richard Bernstein Advisors LLC Decreases Stock Position in Entergy Corporation $ETR

Richard Bernstein Advisors LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 52.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,586 shares of the utilities provider’s stock after selling 25,674 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Entergy were worth $2,198,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. New York State Teachers Retirement System lifted its stake in Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after acquiring an additional 22,148 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after acquiring an additional 13,841 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after buying an additional 7,212 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in Entergy by 269.9% during the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 16,332 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction dated 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 directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Entergy Trading Down 0.0%

Shares of ETR opened at $104.68 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The company has a market cap of $47.42 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.07 and a beta of 0.64. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.93. The company’s fifty day simple moving average is $98.68 and its 200-day simple moving average is $95.12.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the previous year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on ETR. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. JPMorgan Chase & Co. dropped their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Wells Fargo & Company lifted their price objective on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $98.00 target price on shares of Entergy in a research report on Friday, February 20th. Finally, Mizuho set a $112.00 price target on shares of Entergy in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $106.61.

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.