Franklin Resources Inc. Sells 220,726 Shares of Entergy Corporation $ETR

Franklin Resources Inc. reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,039,523 shares of the utilities provider’s stock after selling 220,726 shares during the period. Franklin Resources Inc. owned 1.58% of Entergy worth $656,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Entergy in the second quarter worth approximately $468,628,000. Boston Partners lifted its stake in shares of Entergy by 114.9% during the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Entergy by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after buying an additional 1,630,674 shares during the period. Mizuho Markets Americas LLC purchased a new stake in Entergy in the 3rd quarter worth $135,396,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Entergy during the third quarter valued at about $108,005,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Mizuho set a $112.00 price objective on shares of Entergy in a research report on Friday, February 13th. Citigroup upped their target price on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, KeyCorp raised their target price on shares of Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $106.61.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.39% of the stock is owned by insiders.

Entergy Stock Performance

NYSE:ETR opened at $103.78 on Thursday. The company has a market cap of $47.01 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.07 and a beta of 0.64. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $107.93. The stock’s 50 day simple moving average is $99.14 and its two-hundred day simple moving average is $95.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) 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.