WealthShield Partners LLC Makes New Investment in Entergy Corporation $ETR

WealthShield Partners LLC bought a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 15,255 shares of the utilities provider’s stock, valued at approximately $1,752,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Emerald Investment Advisers LLC bought a new position in Entergy in the second quarter worth about $12,582,000. TRB Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth approximately $318,000. William Blair Investment Management LLC bought a new position in shares of Entergy in the 2nd quarter worth approximately $269,000. Korea Investment CORP purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $56,324,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Entergy during the second quarter valued at approximately $1,956,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ETR shares. Wells Fargo & Company increased 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. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. BTIG Research restated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Finally, UBS Group reiterated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Entergy Stock Down 2.6%

Entergy stock opened at $104.56 on Friday. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The stock has a fifty day simple moving average of $111.55 and a two-hundred day simple moving average of $109.57. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm has a market cap of $48.79 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

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.