TD Asset Management Inc Trims Stock Holdings in Entergy Corporation $ETR

TD Asset Management Inc cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,309,909 shares of the utilities provider’s stock after selling 132,133 shares during the period. TD Asset Management Inc owned 0.74% of Entergy worth $308,450,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Guidance Capital Inc. increased its stake in Entergy by 0.8% in the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares during the period. Physician Wealth Advisors Inc. grew its holdings in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in Entergy by 3.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 116 shares during the period. CW Advisors LLC raised its stake in Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 121 shares during the last quarter. Finally, Virtus Investment Advisers LLC lifted its position in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ETR. Wells Fargo & Company boosted their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays set a $96.00 target price on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. Evercore lifted their price objective on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $106.11.

Entergy Stock Up 0.3%

Entergy stock opened at $105.15 on Wednesday. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $106.71. The firm has a market capitalization of $47.63 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.65. The stock’s fifty day moving average is $96.25 and its two-hundred day moving average is $94.10. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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.