Sanctuary Advisors LLC Buys Shares of 115,909 Entergy Corporation $ETR

Sanctuary Advisors LLC bought a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 115,909 shares of the utilities provider’s stock, valued at approximately $13,313,000.

A number of other hedge funds have also made changes to their positions in ETR. Brighton Jones LLC grew its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its position in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares in the last quarter. Marshall Wace LLP purchased a new stake in Entergy in the 2nd quarter worth approximately $6,869,000. Brown Advisory Inc. boosted its stake in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after buying an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy during the 2nd quarter valued at $17,225,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired 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 approximately $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the 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 in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Entergy Stock Performance

ETR stock opened at $104.56 on Monday. The firm has a 50 day moving average of $111.55 and a two-hundred day moving average of $109.66. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The company has a market capitalization of $48.79 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.79 and a beta of 0.50. 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 (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

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

Analyst Ratings Changes

ETR has been the topic of a number of research reports. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. 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. Finally, Mizuho set a $122.00 price target on Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.