SVB Wealth LLC Has $3.33 Million Stake in Entergy Corporation $ETR

SVB Wealth LLC decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 27.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,636 shares of the utilities provider’s stock after selling 11,423 shares during the quarter. SVB Wealth LLC’s holdings in Entergy were worth $3,330,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP grew its holdings in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $6,869,000. Brown Advisory Inc. increased its position in shares of Entergy by 4.8% during the second 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 period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy during the second quarter valued at approximately $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Stock Performance

Shares of NYSE:ETR opened at $112.24 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The business’s fifty day moving average price is $112.03 and its two-hundred day moving average price is $104.14. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The stock has a market capitalization of $51.39 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50.

Entergy (NYSE:ETR) last issued 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 business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were 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 was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ETR shares. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Finally, Morgan Stanley set a $94.00 target price on shares of Entergy in a research note on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.