Baird Financial Group Inc. Trims Position in Entergy Corporation $ETR

Baird Financial Group Inc. decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 177,320 shares of the utilities provider’s stock after selling 5,144 shares during the quarter. Baird Financial Group Inc.’s holdings in Entergy were worth $20,367,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETR. California State Teachers Retirement System raised its stake in Entergy by 11,763.2% during the 2nd quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock valued at $7,023,039,000 after acquiring an additional 60,628,930 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $4,861,376,000. State Street Corp increased its holdings in shares of Entergy by 4.4% in the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.4%

Shares of ETR stock opened at $105.34 on Friday. Entergy Corporation has a fifty-two week low of $87.38 and a fifty-two week high of $118.44. The stock has a market cap of $49.16 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.37 and a beta of 0.49. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $109.52 and a 200-day simple moving average of $110.21.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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 the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy Corporation will post 4.39 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were 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 was Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Insider Buying and Selling at Entergy

In related news, insider Laura R. Landreaux sold 5,600 shares of Entergy stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’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 completion of the transaction, the director owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, BTIG Research reiterated 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 issued a Hold rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.