TD Waterhouse Canada Inc. Sells 32,980 Shares of Entergy Corporation $ETR

Key Points

• TD Waterhouse Canada reduced its Entergy position by 8.1%, selling 32,980 shares and retaining 373,604 shares valued at approximately $42.2 million. Institutional investors collectively own 88.07% of the company.
• Entergy exceeded quarterly expectations with adjusted EPS of $1.03 versus the $1.01 consensus and revenue of $3.52 billion. The company also pays a quarterly dividend of $0.64 per share, yielding about 2.4% annually.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $120.84, compared with the stock’s reported price of $107.72.

TD Waterhouse Canada Inc. decreased its position in Entergy Corporation (NYSE:ETR - Free Report) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 373,604 shares of the utilities provider's stock after selling 32,980 shares during the quarter. TD Waterhouse Canada Inc. owned 0.08% of Entergy worth $42,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock valued at $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank bought a new stake in Entergy during the fourth quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in shares of Entergy during the second quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in shares of Entergy in the first quarter valued at approximately $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Entergy in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Up 0.9%

ETR stock opened at $107.72 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a market cap of $50.27 billion, a P/E ratio of 27.62, a PEG ratio of 2.39 and a beta of 0.49. The business has a fifty day moving average of $110.49 and a 200-day moving average of $110.12.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The business 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 quarter last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

ETR has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Evercore reaffirmed an "outperform" rating and issued a $128.00 price target on shares of Entergy in a report on Monday, August 17th. BMO Capital Markets upped their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.84.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

About Entergy

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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