HighVista Strategies LLC Decreases Stake in Entergy Corporation $ETR

HighVista Strategies LLC reduced its position in Entergy Corporation (NYSE:ETR) by 37.3% during the third quarter, HoldingsChannel reports. The fund owned 9,600 shares of the utilities provider’s stock after selling 5,700 shares during the quarter. HighVista Strategies LLC’s holdings in Entergy were worth $895,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in shares of Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after purchasing an additional 22,148 shares during the period. New York State Common Retirement Fund boosted its holdings in Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 13,841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after buying an additional 7,212 shares in the last quarter. Finally, World Investment Advisors grew its stake in Entergy by 269.9% in the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after buying an additional 16,332 shares in 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 company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Entergy Stock Performance

NYSE ETR opened at $106.15 on Tuesday. The company’s 50 day simple moving average is $99.88 and its two-hundred day simple moving average is $95.68. 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 stock has a market capitalization of $48.08 billion, a PE ratio of 27.15, a P/E/G ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter last year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. 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 dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s payout ratio is presently 65.47%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ETR. Siebert Williams Shank began coverage on Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. Mizuho set a $112.00 price target on Entergy in a research report on Friday, February 13th. UBS Group reiterated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Finally, Wells Fargo & Company raised their target price on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One 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 stock. According to MarketBeat.com, Entergy has a consensus 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.