Franklin Resources Inc. Sells 119,561 Shares of Entergy Corporation $ETR

Franklin Resources Inc. decreased its position in Entergy Corporation (NYSE:ETR) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,919,962 shares of the utilities provider’s stock after selling 119,561 shares during the quarter. Franklin Resources Inc.’s holdings in Entergy were worth $639,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after purchasing an additional 589,317 shares in the last quarter. State Street Corp lifted its stake in shares of Entergy by 1.8% in the 3rd quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after purchasing an additional 417,077 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Entergy by 54.9% in the 4th 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 period. Bank of America Corp DE lifted its stake in shares of Entergy by 2.9% in the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after purchasing an additional 452,562 shares during the period. Finally, Geode Capital Management LLC raised its stake in Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after acquiring an additional 126,625 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy 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 completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 equities research analysts have issued reports on ETR shares. Barclays cut their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Morgan Stanley set a $94.00 price objective on Entergy in a research note on Thursday, May 21st. Citigroup reaffirmed a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their target price on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $118.58.

Entergy Price Performance

NYSE:ETR opened at $108.09 on Tuesday. The firm has a market capitalization of $49.49 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.89 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The business has a 50 day simple moving average of $112.58 and a 200-day simple moving average of $103.01. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio is currently 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.