Calydon Capital Trims Holdings in Entergy Corporation $ETR

Calydon Capital lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 12.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 76,198 shares of the utilities provider’s stock after selling 10,354 shares during the quarter. Entergy accounts for 1.1% of Calydon Capital’s investment portfolio, making the stock its 26th largest position. Calydon Capital’s holdings in Entergy were worth $7,101,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its holdings in shares of Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after acquiring an additional 22,148 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after purchasing an additional 7,000 shares during the period. TD Waterhouse Canada Inc. increased its position in Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after purchasing an additional 13,841 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after purchasing an additional 7,212 shares during the last quarter. Finally, World Investment Advisors raised its stake in Entergy by 269.9% during the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after purchasing an additional 16,332 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

Entergy Trading Up 1.0%

Shares of ETR stock opened at $105.56 on Friday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The firm has a market cap of $47.82 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64. The company has a 50-day moving average of $99.61 and a two-hundred day moving average of $95.51. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (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 company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a $0.64 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s payout ratio is presently 65.47%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Wells Fargo & Company raised their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Mizuho set a $112.00 price objective on Entergy in a report on Friday, February 13th. Finally, Citigroup increased their price objective on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.61.

About Entergy

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.