Entergy Corporation $ETR Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 829,635 shares of the utilities provider’s stock after selling 177,405 shares during the period. Entergy comprises 4.4% of Aventail Capital Group LP’s portfolio, making the stock its 2nd largest holding. Aventail Capital Group LP’s holdings in Entergy were worth $76,683,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. United Community Bank grew its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Valley National Advisers Inc. grew its stake in Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in Entergy during the 4th quarter valued at approximately $37,000. Finally, JFS Wealth Advisors LLC grew its stake in Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ETR. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. BTIG Research reaffirmed a “buy” rating and set a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their target price on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Evercore set a $123.00 target price on Entergy in a report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Insider Activity

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

Entergy Trading Down 1.4%

NYSE:ETR opened at $110.81 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $112.26 and its two-hundred day moving average is $103.79. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a market cap of $50.74 billion, a PE ratio of 28.27, a P/E/G ratio of 1.92 and a beta of 0.50.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.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. On average, analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a $0.64 dividend. 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%.

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.