Swiss National Bank Sells 24,200 Shares of Entergy Corporation $ETR

Swiss National Bank decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 1.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,286,600 shares of the utilities provider’s stock after selling 24,200 shares during the period. Swiss National Bank’s holdings in Entergy were worth $119,898,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares during the period. Capital A Wealth Management LLC grew its stake in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Entergy during the second quarter valued at approximately $30,000. Finally, JFS Wealth Advisors LLC increased its holdings in Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Entergy Price Performance

ETR opened at $104.72 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $47.44 billion, a P/E ratio of 26.78, a PEG ratio of 2.07 and a beta of 0.64. The stock has a 50-day moving average price of $98.91 and a 200-day moving average price of $95.23. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $107.93.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the previous year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. KeyCorp lifted their price objective on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. BMO Capital Markets boosted their target price on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, UBS Group reissued a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Entergy currently 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.