Entergy Corporation $ETR Position Decreased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Entergy stake by 31.3% in the third quarter, selling 96,137 shares and retaining 211,476 shares valued at approximately $21 million.
• Institutional investors own 88.07% of Entergy’s stock, with several major firms—including BlackRock, Bank of America and Barrow Hanley—reporting new positions.
• Entergy exceeded quarterly earnings and revenue expectations, while maintaining a $0.64 quarterly dividend (2.4% yield). Analysts remain moderately bullish, with an average price target of $120.83 versus the stock’s $105.13 opening price.

Assenagon Asset Management S.A. reduced its stake in Entergy Corporation (NYSE:ETR - Free Report) by 31.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,476 shares of the utilities provider's stock after selling 96,137 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Entergy were worth $20,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Entergy during the 2nd quarter valued at $4,861,376,000. Bank of America Corp DE purchased a new stake in Entergy during the second quarter valued at about $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Entergy during the second quarter valued at about $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Entergy by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider's stock worth $452,681,000 after purchasing an additional 161,411 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Entergy during the second quarter worth about $430,404,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Entergy stock opened at $105.13 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $49.05 billion, a PE ratio of 26.96, a P/E/G ratio of 2.35 and a beta of 0.46. The firm has a fifty day simple moving average of $104.34 and a two-hundred day simple moving average of $109.67. Entergy Corporation has a twelve month low of $90.87 and a twelve 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 analysts' consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same period last year, the firm 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 EPS for the current year.

Entergy Dividend Announcement

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

Insider Activity

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of the business's 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. The trade was a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings cut Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Morgan Stanley reduced their price objective on Entergy from $105.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. JPMorgan Chase & Co. decreased their price objective on Entergy from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Finally, Evercore restated an "outperform" rating and issued a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. Seventeen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $120.83.

About Entergy

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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