Canandaigua National Bank & Trust Co. Buys Shares of 7,579 Entergy Corporation $ETR

Canandaigua National Bank & Trust Co. purchased a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 7,579 shares of the utilities provider’s stock, valued at approximately $871,000.

Several other hedge funds have also added to or reduced their stakes in ETR. United Community Bank increased its holdings in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Entergy by 119.4% during the fourth 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 in the last quarter. Union Savings Bank bought a new position in shares of Entergy during the fourth quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy during the first quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy during the first quarter valued at $30,000. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ETR shares. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Price Performance

Shares of NYSE:ETR opened at $106.88 on Thursday. The company has a market capitalization of $49.87 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.86 and a beta of 0.50. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The firm’s 50 day simple moving average is $112.05 and its two-hundred day simple moving average is $108.68. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect 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 Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 65.64%.

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.