Global Retirement Partners LLC Raises Stake in Entergy Corporation $ETR

Global Retirement Partners LLC increased its stake in Entergy Corporation (NYSE:ETR) by 33.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,973 shares of the utilities provider’s stock after buying an additional 5,222 shares during the quarter. Global Retirement Partners LLC’s holdings in Entergy were worth $1,939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Community Bank boosted 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 buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Physician Wealth Advisors Inc. raised its stake in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the period. Hantz Financial Services Inc. raised its stake in Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares during the period. Finally, Valley National Advisers Inc. raised its stake in Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 257 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ETR shares. Truist Financial set a $130.00 price objective on Entergy and gave the company a “buy” rating in a research note on Monday, April 20th. Evercore set a $115.00 price objective on Entergy in a research note on Monday, May 4th. Barclays boosted their price objective on Entergy from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Mizuho boosted their price objective on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Finally, KeyCorp restated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Entergy Trading Up 0.1%

Shares of ETR opened at $112.39 on Friday. The business’s 50-day moving average price is $111.30 and its 200-day moving average price is $101.93. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock has a market cap of $51.46 billion, a PE ratio of 28.67, a P/E/G ratio of 1.92 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be given a dividend of $0.64 per share. The ex-dividend date is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s dividend payout ratio is currently 65.31%.

About Entergy

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.