Huber Capital Management LLC Sells 8,036 Shares of Entergy Corporation $ETR

Huber Capital Management LLC lowered its position in Entergy Corporation (NYSE:ETR) by 35.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,476 shares of the utilities provider’s stock after selling 8,036 shares during the period. Huber Capital Management LLC’s holdings in Entergy were worth $1,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC increased its stake in shares of Entergy by 89.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,092,624 shares of the utilities provider’s stock worth $101,822,000 after purchasing an additional 515,022 shares during the last quarter. Employees Retirement System of Texas lifted its stake in shares of Entergy by 21.5% in the 3rd quarter. Employees Retirement System of Texas now owns 719,875 shares of the utilities provider’s stock valued at $67,085,000 after purchasing an additional 127,311 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Entergy by 347.7% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,213,974 shares of the utilities provider’s stock worth $113,130,000 after purchasing an additional 942,838 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Entergy by 12.3% in the third quarter. Van ECK Associates Corp now owns 163,679 shares of the utilities provider’s stock worth $15,253,000 after purchasing an additional 17,888 shares in the last quarter. Finally, Capital International Inc. CA increased its position in Entergy by 13.7% during the third quarter. Capital International Inc. CA now owns 109,076 shares of the utilities provider’s stock worth $10,165,000 after buying an additional 13,144 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of NYSE ETR traded up $1.75 during trading hours on Friday, hitting $106.27. 95,472 shares of the company’s stock were exchanged, compared to its average volume of 2,617,796. The company’s 50-day moving average price is $99.38 and its 200-day moving average price is $95.36. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The stock has a market capitalization of $48.14 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 2.05 and a beta of 0.64. 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 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). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same period last year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ETR shares. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. TD Cowen began coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. Wells Fargo & Company boosted their target price on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. decreased their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.61.

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.