Newport Trust Company LLC Decreases Stake in Entergy Corporation $ETR

Newport Trust Company LLC lessened its holdings in Entergy Corporation (NYSE:ETR) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,310,716 shares of the utilities provider’s stock after selling 74,639 shares during the quarter. Entergy comprises approximately 1.2% of Newport Trust Company LLC’s investment portfolio, making the stock its 19th largest holding. Newport Trust Company LLC owned 1.19% of Entergy worth $490,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MFA Wealth Services grew its stake in shares of Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 107 shares during the period. Oakworth Capital Inc. grew its stake in shares of Entergy by 7.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 109 shares during the period. Guidance Capital Inc. grew its stake in shares of Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 112 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the period. Finally, Cape Investment Advisory Inc. grew its stake in shares of Entergy by 2.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.3%

NYSE ETR opened at $112.25 on Friday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. 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 business’s fifty day simple moving average is $111.12 and its 200-day simple moving average is $101.86. The firm has a market cap of $51.40 billion, a PE ratio of 28.64, a P/E/G ratio of 1.91 and a beta of 0.54.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating and set a $129.00 price objective (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. KeyCorp reiterated an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.00.

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.