Janney Montgomery Scott LLC Cuts Stake in Entergy Corporation $ETR

Janney Montgomery Scott LLC reduced its position in Entergy Corporation (NYSE:ETR) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,005 shares of the utilities provider’s stock after selling 4,905 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Entergy were worth $20,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. United Community Bank lifted its position in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. increased its holdings in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the period. Union Savings Bank bought a new position in Entergy in the fourth quarter worth approximately $28,000. Valley National Advisers Inc. lifted its holdings in Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the period. Finally, MV Capital Management Inc. purchased a new stake in Entergy during the fourth quarter worth $37,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $114.99 on Wednesday. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company has a market cap of $52.65 billion, a PE ratio of 29.33, a P/E/G ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The business has a 50-day simple moving average of $111.97 and a two-hundred day simple moving average of $105.04.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating 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 net margin of 13.48% and a return on equity of 10.75%. During the same period last year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is 65.31%.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ETR. JPMorgan Chase & Co. boosted their price target on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. BMO Capital Markets set a $123.00 price objective on Entergy in a research report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.