Assetmark Inc. Sells 52,547 Shares of Entergy Corporation $ETR

Key Points

• Assetmark Inc. cut its Entergy stake by 22.8%, selling 52,547 shares and leaving 177,985 shares worth about $16.45 million at quarter-end.
• Multiple analysts raised price targets (e.g., BMO to $127, Mizuho to $120, Barclays to $118), leaving a MarketBeat consensus of Moderate Buy with an average target of $110.67.
• Entergy declared a quarterly dividend of $0.64 (annualized $2.56, ~2.2% yield) with an ex-dividend date of May 1 and will pay on June 1, while also reporting a slight EPS miss and setting FY2026 guidance of 4.25–4.45 EPS.

Assetmark Inc. decreased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,985 shares of the utilities provider's stock after selling 52,547 shares during the period. Assetmark Inc.'s holdings in Entergy were worth $16,451,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ETR. New York State Teachers Retirement System raised its holdings in Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider's stock worth $40,408,000 after purchasing an additional 22,148 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Entergy by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider's stock valued at $17,211,000 after acquiring an additional 7,000 shares during the period. Nordea Investment Management AB boosted its holdings in Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider's stock worth $74,512,000 after buying an additional 318,221 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider's stock worth $2,335,000 after purchasing an additional 13,841 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Entergy by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider's stock worth $5,524,000 after acquiring an additional 7,212 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Entergy from $118.00 to $127.00 and gave the stock an "outperform" rating in a report on Monday. Mizuho raised their target price on Entergy from $112.00 to $120.00 and gave the stock an "outperform" rating in a research note on Monday, March 30th. Barclays upped their price objective on Entergy from $96.00 to $118.00 and gave the stock an "overweight" rating in a research report on Monday, March 30th. KeyCorp lifted their price target on shares of Entergy from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, March 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 target price on shares of Entergy in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $110.67.

Entergy Stock Up 0.6%

Shares of NYSE:ETR opened at $115.61 on Friday. The firm has a market capitalization of $52.93 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57. Entergy Corporation has a 1 year low of $79.40 and a 1 year high of $117.81. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The firm's 50-day moving average is $106.99 and its two-hundred day moving average is $99.02.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy's dividend payout ratio (DPR) is presently 65.47%.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the 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 transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Entergy Company 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.

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