Martin Capital Partners LLC Reduces Stock Holdings in Entergy Corporation $ETR

Martin Capital Partners LLC lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 30.6% during the fourth quarter, Holdings Channel reports. The firm owned 47,880 shares of the utilities provider’s stock after selling 21,120 shares during the period. Martin Capital Partners LLC’s holdings in Entergy were worth $4,426,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after buying an additional 1,488,238 shares in the last quarter. State Street Corp raised its stake in Entergy by 1.8% during the 3rd quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after acquiring an additional 417,077 shares in the last quarter. Bank of America Corp DE lifted its position in Entergy by 2.9% in the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after acquiring an additional 452,562 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Entergy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after acquiring an additional 472,761 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Entergy by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after acquiring an additional 479,093 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $103.99 on Friday. The stock has a market capitalization of $47.11 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.06 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $107.93. The company’s fifty day moving average is $100.65 and its two-hundred day moving average is $95.92.

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

Entergy Dividend Announcement

The company 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. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ETR. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. Wells Fargo & Company upped their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Siebert Williams Shank initiated coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $107.17.

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.