Leeward Investments LLC MA Lowers Position in Entergy Corporation $ETR

Leeward Investments LLC MA lessened its position in Entergy Corporation (NYSE:ETR) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 122,889 shares of the utilities provider’s stock after selling 6,180 shares during the quarter. Leeward Investments LLC MA’s holdings in Entergy were worth $11,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. United Community Bank lifted its stake in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. lifted its stake in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETR. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Mizuho raised their price objective on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average price target of $119.21.

Insider Activity at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Entergy Stock Up 0.4%

Entergy stock opened at $112.84 on Friday. The firm has a market cap of $51.67 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.92 and a beta of 0.54. The stock has a fifty day simple moving average of $110.58 and a two-hundred day simple moving average of $101.34. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter last year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

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.