Retirement Planning Co of New England Inc. Makes New $355,000 Investment in Entergy Corporation $ETR

Retirement Planning Co of New England Inc. bought a new stake in Entergy Corporation (NYSE:ETR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,158 shares of the utilities provider’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC grew its position in Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 129 shares in the last quarter. Gen Wealth Partners Inc increased its stake in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after buying an additional 144 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Entergy by 18.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after buying an additional 165 shares in the last quarter. Horizon Investments LLC boosted its position in Entergy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock valued at $854,000 after buying an additional 176 shares during the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ETR shares. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Mizuho set a $97.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $88.50.

Entergy Price Performance

Shares of Entergy stock opened at $88.11 on Monday. Entergy Corporation has a 1-year low of $59.05 and a 1-year high of $92.40. The firm has a fifty day simple moving average of $86.60 and a 200-day simple moving average of $84.34. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.40 and a beta of 0.61.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter in the previous year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 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 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy’s payout ratio is currently 59.85%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.