Braun Stacey Associates Inc. Has $35.11 Million Stock Position in Entergy Corporation $ETR

Braun Stacey Associates Inc. lowered its stake in Entergy Corporation (NYSE:ETR) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 305,669 shares of the utilities provider’s stock after selling 8,176 shares during the period. Braun Stacey Associates Inc.’s holdings in Entergy were worth $35,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake 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 buying an additional 6,733 shares in the last quarter. Woodline Partners LP increased its position in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Entergy in the second quarter worth approximately $6,869,000. Brown Advisory Inc. raised its holdings in shares of Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy during the second quarter valued at approximately $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 0.7%

NYSE:ETR opened at $105.77 on Friday. The company has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.82 and a beta of 0.50. The stock’s 50 day moving average price is $111.05 and its 200 day moving average price is $109.89. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

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 paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on 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 directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the company an “equal weight” rating in a research note on Friday, August 21st. Citigroup reaffirmed a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Truist Financial set a $122.00 price target on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Entergy presently has an average 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.