Entergy Corporation $ETR Stock Sold by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group LLC cut its Entergy stake by 89.3% in the third quarter, selling 45,030 shares and retaining 5,376 shares valued at approximately $534,000. Institutional investors collectively own 88.07% of Entergy.
• Analysts remain broadly positive, with 20 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a $121.25 price target. Recent targets ranged from $115 to $128.
• Entergy reported quarterly EPS of $1.03, slightly ahead of estimates, and maintains a quarterly dividend of $0.64 per share—equivalent to a 2.4% yield and $2.56 annualized payout.

CWA Asset Management Group LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 89.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,376 shares of the utilities provider's stock after selling 45,030 shares during the period. CWA Asset Management Group LLC's holdings in Entergy were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ETR. Bell Investment Advisors Inc acquired a new stake in shares of Entergy during the second quarter worth about $28,000. Pingora Partners LLC acquired a new position in Entergy during the second quarter worth approximately $30,000. Bank of New Hampshire lifted its stake in 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 buying an additional 200 shares during the last quarter. Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the first quarter valued at approximately $30,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Entergy in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business's 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 $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the company's stock in a transaction 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 in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays reaffirmed an "overweight" rating and issued a $115.00 target price (down from $128.00) on shares of Entergy in a report on Monday. Evercore raised their price objective on shares of Entergy from $121.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, October 8th. KeyCorp dropped their price objective on shares of Entergy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. Mizuho reduced their target price on shares of Entergy from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Finally, Bank of America increased their target price on shares of Entergy from $112.00 to $115.00 in a research note on Monday, July 27th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.25.

Entergy Stock Down 0.7%

Entergy stock opened at $107.39 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The firm has a market capitalization of $50.11 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The stock's fifty day moving average is $104.27 and its two-hundred day moving average is $109.42.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same quarter in the previous year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 4.40 EPS for the current fiscal year.

Entergy Announces Dividend

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

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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