64,536 Entergy Corporation $ETR Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC trimmed its holdings in Entergy Corporation (NYSE:ETR) by 96.0% in the third quarter, HoldingsChannel reports. The fund owned 2,724 shares of the utilities provider’s stock after selling 64,536 shares during the period. Howard Capital Management LLC’s holdings in Entergy were worth $270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Entergy in the 2nd quarter worth $4,861,376,000. Bank of America Corp DE lifted its stake 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 worth $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Entergy in the second quarter worth $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Entergy by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock worth $452,681,000 after purchasing an additional 161,411 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Entergy during the second quarter valued at about $430,404,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $105.13 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The firm has a market cap of $49.06 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46. The business has a 50 day moving average price of $104.34 and a 200-day moving average price of $109.68.

Entergy (NYSE:ETR) last issued its earnings results 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 net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.40 earnings per share for the current year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. BMO Capital Markets lifted their price objective on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Morgan Stanley lowered their target price on Entergy from $105.00 to $98.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Seventeen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.83.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Laura Landreaux sold 5,600 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares in the company, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.