Martingale Asset Management L P Lowers Stake in Entergy Corporation $ETR

Martingale Asset Management L P lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 196,072 shares of the utilities provider’s stock after selling 15,640 shares during the period. Martingale Asset Management L P’s holdings in Entergy were worth $18,272,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Entergy by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after acquiring an additional 1,488,238 shares during the period. State Street Corp increased its stake in Entergy by 4.5% during the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after purchasing an additional 981,750 shares during the period. JPMorgan Chase & Co. boosted its position in Entergy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock worth $1,365,113,000 after acquiring an additional 472,761 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after buying an additional 479,093 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after purchasing an additional 505,344 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was 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 in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Entergy Price Performance

ETR opened at $104.46 on Friday. Entergy Corporation has a one year low of $75.57 and a one year high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The stock has a market capitalization of $47.32 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64. The company’s 50 day simple moving average is $99.38 and its 200-day simple moving average is $95.36.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business 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 prior year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is 65.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ETR. Wells Fargo & Company boosted their price objective on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays set a $96.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Citigroup upped their price objective on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.