Fox Hill Wealth Management Acquires New Holdings in Entergy Corporation $ETR

Fox Hill Wealth Management bought a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,053 shares of the utilities provider’s stock, valued at approximately $2,763,000. Entergy comprises approximately 1.1% of Fox Hill Wealth Management’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds also recently modified their holdings of ETR. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC boosted its holdings in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC increased its position in Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after buying an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research report on Monday, August 17th. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Citigroup restated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents 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 0.7%

Entergy stock opened at $105.77 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm has a fifty day moving average price of $111.05 and a two-hundred day moving average price of $109.89. The firm has a market cap of $49.36 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.82 and a beta of 0.50.

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

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

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.