Korea Investment CORP Has $37.60 Million Holdings in Entergy Corporation $ETR

Korea Investment CORP cut its holdings in Entergy Corporation (NYSE:ETR) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 403,509 shares of the utilities provider’s stock after selling 23,939 shares during the period. Korea Investment CORP’s holdings in Entergy were worth $37,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Guidance Capital Inc. boosted its position in shares of Entergy by 0.8% during the 3rd 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 in the last quarter. Physician Wealth Advisors Inc. increased its holdings in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. CW Advisors LLC lifted its stake in Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after buying an additional 121 shares during the period. Virtus Investment Advisers LLC boosted its holdings in shares of 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 buying an additional 124 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Entergy by 1.7% during the 3rd quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock worth $679,000 after buying an additional 124 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

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

Entergy Price Performance

Shares of ETR opened at $104.68 on Tuesday. The business’s fifty day moving average is $98.68 and its 200 day moving average is $95.12. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $107.93. 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 $47.42 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ETR. Barclays set a $96.00 price objective on shares of Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. KeyCorp raised their price target on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Argus set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price objective on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.61.

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.