Patriot Financial Group Insurance Agency LLC Boosts Stake in Entergy Corporation $ETR

Patriot Financial Group Insurance Agency LLC lifted its position in Entergy Corporation (NYSE:ETR) by 37.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,466 shares of the utilities provider’s stock after acquiring an additional 6,128 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Entergy were worth $2,524,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. United Community Bank raised its holdings in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank bought a new stake in shares of Entergy during the 4th quarter valued at $28,000. 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 currently owned by institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Trading Down 0.0%

NYSE:ETR opened at $115.91 on Monday. The stock has a market cap of $53.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.98 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 company’s 50 day moving average price is $111.97 and its 200-day moving average price is $104.73. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared 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 was Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. Entergy’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETR shares. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. 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 research note on Thursday, April 30th. Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Finally, UBS Group restated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy 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.