20,137 Entergy Corporation $ETR Shares Sold by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC cut its Entergy stake by 79% during the third quarter, selling 20,137 shares and retaining 5,346 shares valued at approximately $531,000. Institutional investors collectively own 88.07% of Entergy.
• Analysts remain broadly positive, with 20 Buy ratings and two Hold ratings. Entergy has a consensus rating of “Moderate Buy” and an average price target of $121.25, despite several recent target-price reductions.
• Entergy reported quarterly EPS of $1.03, slightly exceeding expectations, and declared a quarterly dividend of $0.64, equivalent to an annualized $2.56 payout and a 2.4% yield.

Sowell Financial Services LLC lessened its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 79.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,346 shares of the utilities provider's stock after selling 20,137 shares during the quarter. Sowell Financial Services LLC's holdings in Entergy were worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new position in Entergy during the second quarter worth about $28,000. City State Bank lifted its holdings in shares of Entergy by 439.6% in the third quarter. City State Bank now owns 259 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 211 shares in the last quarter. Pingora Partners LLC acquired a new stake in shares of Entergy in the second quarter valued at approximately $30,000. Bank of New Hampshire grew its position in shares of Entergy by 303.0% in the third quarter. Bank of New Hampshire now owns 266 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy in the first quarter valued at approximately $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ETR shares. HSBC initiated coverage on Entergy in a research note on Thursday. They issued a "buy" rating and a $123.50 target price on the stock. BTIG Research dropped their price target on Entergy from $126.00 to $117.00 and set a "buy" rating for the company in a research report on Tuesday, October 20th. Jefferies Financial Group dropped their price target on Entergy from $133.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, October 20th. JPMorgan Chase & Co. cut their price target on Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Finally, Barclays restated an "overweight" rating and issued a $115.00 price objective (down from $128.00) on shares of Entergy in a research report on Monday, October 19th. Twenty investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.25.

Entergy Stock Performance

Shares of NYSE ETR opened at $107.39 on Monday. The company has a 50-day simple moving average of $104.27 and a 200-day simple moving average of $109.39. 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 has a market cap of $50.11 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. Entergy Corporation has a 12 month low of $90.87 and a 12 month high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.40 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy's dividend payout ratio is currently 65.64%.

Insider Transactions at Entergy

In other Entergy news, 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 completion of the sale, the insider owned 22,589 shares of the company's stock, valued at $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by company insiders.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.

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