Laura Landreaux Sells 5,600 Shares of Entergy (NYSE:ETR) Stock

Entergy Corporation (NYSE:ETR) insider Laura Landreaux sold 5,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Entergy Trading Down 0.4%

Shares of Entergy stock opened at $105.34 on Friday. The firm has a market capitalization of $49.16 billion, a PE ratio of 27.01, a P/E/G ratio of 2.36 and a beta of 0.49. Entergy Corporation has a twelve month low of $87.38 and a twelve month high of $118.44. The firm’s 50-day moving average price is $109.52 and its 200 day moving average price is $110.21. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 4.39 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Institutional Investors Weigh In On Entergy

A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Entergy by 11,763.2% in the 2nd quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock valued at $7,023,039,000 after purchasing an additional 60,628,930 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $4,861,376,000. State Street Corp raised its position in shares of Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after buying an additional 1,018,503 shares during the period. JPMorgan Chase & Co. raised its position in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after acquiring an additional 870,847 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ETR shares. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets increased their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.