16,002 Entergy Corporation $ETR Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its Entergy stake by 7.2% in the third quarter, selling 16,002 shares and retaining 206,550 shares valued at approximately $20.5 million. Institutional investors collectively own 88.07% of Entergy.
• Entergy reported quarterly earnings of $1.03 per share, exceeding the $1.01 consensus estimate, on revenue of $3.52 billion. The company maintained fiscal 2026 EPS guidance of $4.25–$4.45.
• Entergy pays a quarterly dividend of $0.64 per share, equivalent to an annualized $2.56 dividend and a 2.5% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $120.32.

Perpetual Ltd lessened its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,550 shares of the utilities provider's stock after selling 16,002 shares during the quarter. Perpetual Ltd's holdings in Entergy were worth $20,502,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Castleview Partners LLC lifted its position in Entergy by 12.4% in the 3rd quarter. Castleview Partners LLC now owns 3,927 shares of the utilities provider's stock valued at $390,000 after acquiring an additional 433 shares in the last quarter. GK Wealth Management LLC acquired a new position in Entergy during the 3rd quarter valued at about $95,000. Wedmont Private Capital boosted its stake in Entergy by 6.6% during the 3rd quarter. Wedmont Private Capital now owns 7,383 shares of the utilities provider's stock valued at $757,000 after purchasing an additional 456 shares during the last quarter. Diversified Management Inc. bought a new stake in Entergy during the 3rd quarter worth approximately $998,000. Finally, First Heartland Consultants Inc. increased its holdings in Entergy by 4.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 3,098 shares of the utilities provider's stock worth $308,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Up 1.2%

ETR opened at $104.01 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company's 50-day moving average is $104.57 and its 200 day moving average is $109.73. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The firm has a market capitalization of $48.53 billion, a P/E ratio of 26.67, a PEG ratio of 2.30 and a beta of 0.46.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.49 billion. During the same period in the previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. Entergy's dividend payout ratio (DPR) is currently 65.64%.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Laura R. Landreaux sold 5,600 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company's stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

ETR has been the subject of several analyst reports. Evercore reissued an "outperform" rating and issued a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. Truist Financial set a $119.00 target price on Entergy and gave the company a "buy" rating in a report on Monday. Weiss Ratings cut Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Morgan Stanley decreased their price target on Entergy from $105.00 to $98.00 and set an "equal weight" rating for the company in a report on Friday, September 18th. Finally, Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.32.

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.