Lord Abbett & CO. LLC Trims Stock Position in Entergy Corporation $ETR

Lord Abbett & CO. LLC reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,030,735 shares of the utilities provider’s stock after selling 144,718 shares during the quarter. Entergy makes up about 0.9% of Lord Abbett & CO. LLC’s holdings, making the stock its 20th biggest holding. Lord Abbett & CO. LLC’s holdings in Entergy were worth $280,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETR. United Community Bank grew its position in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. grew its position 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 worth $26,000 after buying an additional 154 shares during the period. Hantz Financial Services Inc. grew 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 buying an additional 194 shares during the period. Valley National Advisers Inc. grew 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 buying an additional 257 shares during the period. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of Entergy in the 4th quarter worth about $37,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $111.09 on Friday. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company’s 50-day moving average is $112.46 and its 200 day moving average is $103.41. The company has a market capitalization of $50.87 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ETR. BMO Capital Markets set a $123.00 target price on shares of Entergy in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley set a $94.00 target price on shares of Entergy in a research report on Thursday, May 21st. Argus upped their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Finally, Barclays reduced their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction 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 represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.