Ferguson Wellman Capital Management Inc. Decreases Position in Entergy Corporation $ETR

Key Points

• Ferguson Wellman Capital Management cut its Entergy stake by 24.9% in the second quarter, selling 351,151 shares and retaining 1.06 million shares worth approximately $121.8 million. Institutional investors collectively own 88.07% of Entergy.
• Entergy exceeded quarterly expectations with earnings of $1.03 per share and revenue of $3.52 billion, while maintaining fiscal 2026 EPS guidance of $4.25–$4.45.
• The company declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $120.84.

Ferguson Wellman Capital Management Inc. lowered its position in Entergy Corporation (NYSE:ETR - Free Report) by 24.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,059,996 shares of the utilities provider's stock after selling 351,151 shares during the quarter. Entergy accounts for approximately 1.5% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 19th biggest holding. Ferguson Wellman Capital Management Inc. owned 0.23% of Entergy worth $121,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. Washington Trust Advisors Inc. increased its holdings in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc purchased a new position in shares of Entergy during the 2nd quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in shares of Entergy during the 1st quarter worth approximately $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in shares of Entergy during the 1st quarter worth approximately $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

Entergy stock opened at $105.77 on Friday. The firm has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a PEG ratio of 1.82 and a beta of 0.50. The stock has a fifty day moving average price of $111.05 and a 200 day moving average price of $109.89. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates 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 company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares of the company's stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ETR. Morgan Stanley set a $105.00 target price on Entergy and gave the company an "equal weight" rating in a report on Friday, August 21st. Citigroup reiterated a "neutral" rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Truist Financial set a $122.00 target price on shares of Entergy and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, BTIG Research reaffirmed a "buy" rating and set a $126.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $120.84.

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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