9,666 Shares in Entergy Corporation $ETR Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,666 shares of the utilities provider’s stock, valued at approximately $1,110,000.

A number of other large investors also recently modified their holdings of the company. United Community Bank lifted its stake in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its position 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 worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Entergy in the 4th quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in shares of Entergy in the 2nd quarter worth about $28,000. Finally, Fairway Wealth LLC bought a new position in Entergy in the 1st quarter valued at about $30,000. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 2.6%

Shares of ETR stock opened at $104.56 on Friday. The company has a 50 day moving average of $111.55 and a 200-day moving average of $109.57. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The firm has a market cap of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.83 and a beta of 0.50.

Entergy (NYSE:ETR) last posted 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 quarter 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. Sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays decreased their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Scotiabank restated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a research report on Friday. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.84.

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.