Sienna Gestion Sells 10,576 Shares of Entergy Corporation $ETR

Sienna Gestion cut its holdings in Entergy Corporation (NYSE:ETR) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,942 shares of the utilities provider’s stock after selling 10,576 shares during the quarter. Sienna Gestion’s holdings in Entergy were worth $9,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. United Community Bank increased 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 acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% in 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. Valley National Advisers Inc. increased its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in shares of Entergy during the fourth quarter valued at about $37,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

ETR stock opened at $110.95 on Tuesday. The firm has a market cap of $50.80 billion, a PE ratio of 28.30, a P/E/G ratio of 1.90 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average of $112.38 and a 200-day moving average of $103.58. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly 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. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ETR shares. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. BMO Capital Markets set a $123.00 price target on Entergy in a report on Wednesday, June 10th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Wells Fargo & Company upped their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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.

Entergy Company Profile

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.