42,414 Entergy Corporation $ETR Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in Entergy Corporation (NYSE:ETR) by 3.7% during the 3rd quarter, Holdings Channel reports. The fund owned 1,114,210 shares of the utilities provider’s stock after selling 42,414 shares during the period. Entergy comprises 1.7% of Confluence Investment Management LLC’s portfolio, making the stock its 14th biggest holding. Confluence Investment Management LLC’s holdings in Entergy were worth $110,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. QRG Capital Management Inc. raised its holdings in Entergy by 8.2% in the 2nd quarter. QRG Capital Management Inc. now owns 81,534 shares of the utilities provider’s stock worth $9,365,000 after purchasing an additional 6,181 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Entergy by 30.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,723 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 1,571 shares during the period. Tidal Investments LLC grew its holdings in Entergy by 50.1% during the second quarter. Tidal Investments LLC now owns 355,791 shares of the utilities provider’s stock valued at $40,866,000 after purchasing an additional 118,699 shares during the period. Engineers Gate Manager LP increased its position in Entergy by 854.9% in the second quarter. Engineers Gate Manager LP now owns 75,684 shares of the utilities provider’s stock worth $8,693,000 after buying an additional 67,758 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Entergy by 22.2% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,205 shares of the utilities provider’s stock worth $368,000 after buying an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other Entergy news, insider Laura Landreaux sold 5,600 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the transaction, the insider owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Entergy Price Performance

ETR stock traded up $0.14 during midday trading on Thursday, hitting $99.41. The company’s stock had a trading volume of 598,510 shares, compared to its average volume of 2,995,053. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $90.87 and a 12 month high of $118.44. The company has a 50 day moving average of $106.03 and a two-hundred day moving average of $109.81. The firm has a market capitalization of $46.39 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.49.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were paid a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.6%. Entergy’s payout ratio is presently 65.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ETR. Weiss Ratings cut Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Barclays decreased their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.47.

Entergy Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.