Knights of Columbus Asset Advisors LLC Sells 4,521 Shares of Entergy Corporation $ETR

Knights of Columbus Asset Advisors LLC cut its position in Entergy Corporation (NYSE:ETR) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,131 shares of the utilities provider’s stock after selling 4,521 shares during the quarter. Entergy comprises about 0.8% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 23rd largest position. Knights of Columbus Asset Advisors LLC’s holdings in Entergy were worth $14,246,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP raised its position in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP bought a new position in Entergy during the 2nd quarter valued at approximately $6,869,000. Brown Advisory Inc. raised its position in Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Entergy during the 2nd quarter valued at approximately $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

Entergy stock opened at $112.14 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $51.35 billion, a P/E ratio of 28.61, a PEG ratio of 1.92 and a beta of 0.54. The stock’s 50 day moving average is $111.59 and its 200 day moving average is $102.19. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44.

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

Entergy Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial set a $130.00 price target on Entergy and gave the company a “buy” rating in a research report on Monday, April 20th. Argus upped their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Barclays upped their price target on Entergy from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Scotiabank reiterated an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a report on Thursday, April 30th. Finally, BMO Capital Markets upped their target price on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

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.