Legal & General Group Plc Sells 120,240 Shares of Entergy Corporation $ETR

Legal & General Group Plc trimmed its stake in Entergy Corporation (NYSE:ETR) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,902,955 shares of the utilities provider’s stock after selling 120,240 shares during the quarter. Legal & General Group Plc owned approximately 0.87% of Entergy worth $360,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. United Community Bank grew its stake in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares in the last quarter. Hantz Financial Services Inc. grew its stake in 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 purchasing an additional 194 shares in the last quarter. Finally, Valley National Advisers Inc. grew its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ETR. Barclays raised their price target on Entergy from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Scotiabank reaffirmed an “outperform” rating and issued a $129.00 price objective (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. Morgan Stanley set a $94.00 price objective on Entergy in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Entergy Stock Performance

ETR opened at $112.14 on Wednesday. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The stock has a market cap of $51.35 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.92 and a beta of 0.54. The business has a 50 day moving average of $111.59 and a 200-day moving average of $102.19. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

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.