Waverly Advisors LLC Has $2.22 Million Stock Holdings in Entergy Corporation $ETR

Waverly Advisors LLC boosted its position in Entergy Corporation (NYSE:ETR) by 47.0% during the second quarter, HoldingsChannel.com reports. The fund owned 19,314 shares of the utilities provider’s stock after buying an additional 6,175 shares during the quarter. Waverly Advisors LLC’s holdings in Entergy were worth $2,218,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ETR. Brighton Jones LLC raised its holdings in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its stake in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares in the last quarter. Marshall Wace LLP bought a new position in Entergy in the second quarter valued at about $6,869,000. Brown Advisory Inc. grew its position in Entergy by 4.8% in 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 last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Entergy during the second quarter worth about $17,225,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ETR has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the company an “equal weight” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price 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. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.84.

Entergy Trading Down 0.4%

Shares of ETR stock opened at $105.34 on Friday. Entergy Corporation has a 1-year low of $87.38 and a 1-year high of $118.44. 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 stock has a market cap of $49.16 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.36 and a beta of 0.49. The stock has a 50-day moving average of $109.52 and a 200-day moving average of $110.21.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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 return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.39 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is 65.64%.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought 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 in the company, valued at $363,111.84. This represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura R. Landreaux sold 5,600 shares of Entergy stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

About Entergy

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.