Entergy Corporation $ETR is Aventail Capital Group LP’s 2nd Largest Position

Aventail Capital Group LP cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 10.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,007,040 shares of the utilities provider’s stock after selling 117,478 shares during the period. Entergy accounts for 4.4% of Aventail Capital Group LP’s holdings, making the stock its 2nd biggest holding. Aventail Capital Group LP’s holdings in Entergy were worth $93,846,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Entergy by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after acquiring an additional 1,488,238 shares in the last quarter. State Street Corp increased its holdings in shares of Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after acquiring an additional 981,750 shares during the period. Bank of America Corp DE raised its position in shares of Entergy by 2.9% in the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after acquiring an additional 452,562 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Entergy by 3.3% in the 3rd 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Entergy by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after purchasing an additional 479,093 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Entergy Trading Up 1.0%

Shares of NYSE:ETR opened at $105.56 on Friday. The business’s 50-day moving average is $99.61 and its 200 day moving average is $95.51. 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 Corporation has a 1 year low of $75.57 and a 1 year high of $107.93. The firm has a market capitalization of $47.82 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last issued 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). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors 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 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 65.47%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETR. UBS Group reaffirmed a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. KeyCorp increased their price target on shares of Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. cut their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Finally, Citigroup boosted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.