HighTower Advisors LLC Cuts Position in Entergy Corporation $ETR

HighTower Advisors LLC cut its holdings in Entergy Corporation (NYSE:ETR) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,618 shares of the utilities provider’s stock after selling 5,765 shares during the period. HighTower Advisors LLC’s holdings in Entergy were worth $8,818,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after purchasing an additional 1,630,674 shares during the last quarter. State Street Corp grew its position in Entergy by 4.5% during the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after buying an additional 981,750 shares during the period. Ameriprise Financial Inc. grew its position in Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after buying an additional 479,093 shares during the period. Geode Capital Management LLC increased its holdings in Entergy by 4.7% during the second quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after buying an additional 505,344 shares during the last quarter. Finally, Boston Partners raised its position in Entergy by 114.9% in the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after acquiring an additional 3,710,814 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $104.01 on Friday. The stock has a market cap of $46.45 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $106.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a fifty day moving average of $95.78 and a 200-day moving average of $93.87.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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 company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a return on equity of 11.04% and a net margin of 13.66%.During the same period last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday. BMO Capital Markets boosted their target price on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Mizuho set a $112.00 price target on Entergy in a research note on Friday, February 13th. Finally, KeyCorp set a $102.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.11.

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.