NewEdge Advisors LLC Boosts Holdings in Entergy Corporation $ETR

NewEdge Advisors LLC increased its stake in shares of Entergy Corporation (NYSE:ETR) by 382.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,852 shares of the utilities provider’s stock after acquiring an additional 385,178 shares during the quarter. NewEdge Advisors LLC owned about 0.11% of Entergy worth $54,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caliber Wealth Management LLC KS acquired a new position in shares of Entergy in the 4th quarter valued at $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after purchasing an additional 38,742 shares during the last quarter. World Investment Advisors boosted its stake in Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the period. Finally, Phoenix Wealth Advisors purchased a new position in Entergy during the 4th quarter worth $1,502,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Down 0.5%

Shares of NYSE:ETR opened at $106.35 on Friday. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.83 and a beta of 0.50. The firm’s 50-day simple moving average is $111.98 and its 200-day simple moving average is $108.75. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is 65.64%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on 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 directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent research reports. Evercore set a $123.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their price target on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, BTIG Research reaffirmed a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

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.