Sumitomo Mitsui Trust Group Inc. Sells 11,430 Shares of Entergy Corporation $ETR

Key Points

• Sumitomo Mitsui Trust Group reduced its Entergy stake by 1.2%, selling 11,430 shares and retaining 950,533 shares worth approximately $94.35 million. Institutional investors and hedge funds collectively own 88.07% of the company.
• 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, compared with its reported share price of $109.78.
• Entergy exceeded quarterly expectations with $1.98 in earnings per share and $4.37 billion in revenue, while raising its quarterly dividend from $0.64 to $0.68 per share, or $2.72 annually and a 2.5% yield.

Sumitomo Mitsui Trust Group Inc. reduced its position in Entergy Corporation (NYSE:ETR - Free Report) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 950,533 shares of the utilities provider's stock after selling 11,430 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Entergy worth $94,350,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ETR. BlackRock Inc. purchased a new position in Entergy during the 2nd quarter worth $4,861,376,000. Bank of America Corp DE boosted its holdings in shares of Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider's stock valued at $1,951,668,000 after acquiring an additional 870,847 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Entergy during the second quarter worth about $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 acquiring an additional 161,411 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Entergy during the second quarter worth about $430,404,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on ETR shares. HSBC assumed coverage on shares of Entergy in a report on Thursday, October 22nd. They set a "buy" rating and a $123.50 price target for the company. LADENBURG THALM/SH SH lowered their price objective on Entergy from $120.50 to $113.50 and set a "buy" rating on the stock in a report on Monday, October 12th. Truist Financial set a $119.00 target price on Entergy and gave the stock a "buy" rating in a research report on Monday, October 12th. BTIG Research cut their target price on Entergy from $126.00 to $117.00 and set a "buy" rating for the company in a research note on Tuesday, October 20th. Finally, Evercore increased their target price on Entergy from $121.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, October 8th. Twenty equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $121.25.

Entergy Price Performance

Entergy stock opened at $109.78 on Tuesday. The company has a market cap of $51.23 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Entergy Corporation has a one year low of $90.87 and a one year high of $118.44. The business has a fifty day moving average of $104.46 and a two-hundred day moving average of $107.38. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.25. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the prior year, the company posted $1.53 EPS. As a group, analysts predict that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.68 per share. This is an increase from Entergy's previous quarterly dividend of $0.64. This represents a $2.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 13th. Entergy's payout ratio is presently 65.64%.

Key Stories Impacting Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: Entergy reported third-quarter adjusted earnings of $1.98 per share, up from $1.53 a year ago and ahead of analyst estimates of roughly $1.71–$1.73. Revenue increased to $4.37 billion, exceeding the $4.12 billion consensus estimate. Strong electricity demand, favorable weather and regulatory rate actions supported the performance. Entergy reports third quarter 2026 financial results
• Positive Sentiment: The utility raised the lower end of its 2026 earnings guidance by $0.10 per share and narrowed its guidance range, signaling greater confidence in near-term results. Management also affirmed its broader financial outlook. Entergy: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Entergy increased its quarterly dividend to $0.68 per share, a 6.3% increase from $0.64. The new payout equals $2.72 annually and provides an approximately 2.5% yield, enhancing the stock’s income appeal.
• Positive Sentiment: The company added $1.5 billion to its capital plan through 2030. Although this raises investment needs, it also reflects opportunities to expand and strengthen the regulated utility business over the long term. Entergy: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Higher operating costs pressured results, partially offsetting favorable demand, weather and regulatory trends. The expanded capital plan could support future earnings growth but may also increase financing requirements for a company that already carries substantial leverage.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction on 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 owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laura R. Landreaux sold 5,600 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the transaction, the insider directly owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by 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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