Martin Capital Partners LLC Lowers Position in Entergy Corporation $ETR

Martin Capital Partners LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,880 shares of the utilities provider’s stock after selling 21,120 shares during the quarter. Martin Capital Partners LLC’s holdings in Entergy were worth $4,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Entergy by 2.6% during the third 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 lifted its holdings in shares of Entergy by 1.8% in the 3rd quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after acquiring an additional 417,077 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Entergy by 2.9% during the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after purchasing an additional 452,562 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Entergy by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock worth $1,365,113,000 after purchasing an additional 472,761 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after purchasing an additional 479,093 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.3%

Shares of NYSE:ETR opened at $103.99 on Friday. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $107.93. The firm’s 50 day moving average price is $100.65 and its 200 day moving average price is $95.92. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64.

Entergy (NYSE:ETR) last posted 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy 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 completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ETR has been the topic of a number of research reports. TD Cowen assumed coverage on Entergy in a research note on Friday, January 9th. They set a “buy” rating and a $108.00 price target on the stock. Siebert Williams Shank assumed coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. KeyCorp raised their target price on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. One analyst has 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.17.

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.