Sterling Capital Management LLC Trims Stock Holdings in Entergy Corporation $ETR

Sterling Capital Management LLC lowered its holdings in Entergy Corporation (NYSE:ETR) by 42.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 15,884 shares of the utilities provider’s stock after selling 11,529 shares during the quarter. Sterling Capital Management LLC’s holdings in Entergy were worth $1,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. United Community Bank boosted its holdings in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. raised its holdings in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Union Savings Bank purchased a new stake in shares of Entergy during the fourth quarter worth $28,000. Valley National Advisers Inc. lifted its position in shares of Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 257 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors bought a new position in shares of Entergy in the fourth quarter worth $37,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETR. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Wells Fargo & Company raised their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Argus lifted their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Morgan Stanley set a $94.00 price target on Entergy in a research report on Thursday, May 21st. Finally, Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Entergy Stock Performance

NYSE:ETR opened at $116.20 on Tuesday. The company has a market capitalization of $53.21 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.98 and a beta of 0.50. The business has a 50 day moving average of $111.98 and a 200 day moving average of $104.89. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by 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.