iA Global Asset Management Inc. Sells 68,060 Shares of Entergy Corporation $ETR

iA Global Asset Management Inc. lowered its stake in Entergy Corporation (NYSE:ETR) by 47.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,400 shares of the utilities provider’s stock after selling 68,060 shares during the period. iA Global Asset Management Inc.’s holdings in Entergy were worth $6,877,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ETR. United Community Bank boosted its holdings in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $109.08 on Monday. The company’s fifty day moving average price is $110.63 and its 200-day moving average price is $101.42. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock has a market cap of $49.95 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.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. On average, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal 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 given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. KeyCorp reiterated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $115.00 target price on shares of Entergy in a report on Monday, May 4th. Mizuho boosted their target price on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Two equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.21.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.