Magnolia Capital Advisors LLC Makes New $2.03 Million Investment in Entergy Corporation $ETR

Magnolia Capital Advisors LLC bought a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, HoldingsChannel reports. The fund bought 17,684 shares of the utilities provider’s stock, valued at approximately $2,031,000.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in Entergy in the 2nd quarter worth approximately $28,000. Dynamic Wealth Strategies LLC bought a new position in Entergy in the 1st quarter valued at approximately $30,000. Fairway Wealth LLC purchased a new stake in Entergy during the 1st quarter valued at $30,000. United Community Bank increased its holdings in shares of Entergy by 806.7% in the 4th 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. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $107.26 on Thursday. The company has a 50-day moving average price of $111.25 and a 200-day moving average price of $109.86. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $50.05 billion, a P/E ratio of 27.50, a PEG ratio of 1.81 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on 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 sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETR. Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company lifted their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

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.