Capital International Investors Reduces Holdings in Entergy Corporation $ETR

Capital International Investors decreased its position in shares of Entergy Corporation (NYSE:ETR) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,611,145 shares of the utilities provider’s stock after selling 234,571 shares during the quarter. Capital International Investors owned approximately 1.70% of Entergy worth $709,343,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Guidance Capital Inc. lifted its holdings in Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. CW Advisors LLC increased its stake in shares of Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 121 shares in the last quarter. Virtus Investment Advisers LLC raised its position in shares of Entergy by 6.2% in the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 124 shares during the period. Finally, Signaturefd LLC raised its position in shares of Entergy by 1.7% in the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. TD Cowen assumed coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Finally, Barclays set a $96.00 price target on Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $106.61.

Insiders Place Their Bets

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

Entergy Price Performance

NYSE:ETR opened at $104.72 on Wednesday. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The stock has a fifty day moving average of $98.91 and a 200 day moving average of $95.23. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The firm has a market capitalization of $47.44 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is 65.47%.

About Entergy

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.