Savant Capital LLC Lowers Stock Holdings in Entergy Corporation $ETR

Savant Capital LLC decreased its position in shares of Entergy Corporation (NYSE:ETR) by 77.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,409 shares of the utilities provider’s stock after selling 29,233 shares during the period. Savant Capital LLC’s holdings in Entergy were worth $777,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ETR. M&T Bank Corp raised its position in Entergy by 5,132.9% during the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after purchasing an additional 1,528,630 shares in the last quarter. Vanguard Group Inc. raised its position in Entergy by 2.6% during the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after purchasing an additional 1,488,238 shares in the last quarter. Raymond James Financial Inc. raised its position in Entergy by 137.1% during the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after purchasing an additional 1,179,362 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Entergy during the third quarter valued at about $108,005,000. Finally, Pictet Asset Management Holding SA raised its position in Entergy by 82.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,470,596 shares of the utilities provider’s stock valued at $228,357,000 after purchasing an additional 1,116,460 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 2.3%

Shares of NYSE:ETR opened at $107.42 on Wednesday. The stock’s 50-day moving average price is $111.88 and its 200-day moving average price is $102.53. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The stock has a market capitalization of $49.19 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is presently 65.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ETR shares. Mizuho raised their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Jefferies Financial Group restated a “buy” rating and set a $131.00 price target (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Scotiabank reaffirmed an “outperform” rating and set a $129.00 price objective (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Finally, Argus raised their price objective on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $118.84.

Entergy Company 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.