Perigon Wealth Management LLC Takes Position in Entergy Corporation $ETR

Perigon Wealth Management LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, Holdings Channel.com reports. The firm acquired 4,651 shares of the utilities provider’s stock, valued at approximately $534,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Entergy by 275.6% in the 4th 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% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new position in Entergy in the 2nd quarter valued at $6,869,000. Brown Advisory Inc. grew 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 worth $354,000 after buying an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Entergy in the second quarter valued at about $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $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. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ETR. Morgan Stanley set a $109.00 target price on Entergy in a report on Wednesday, July 22nd. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Barclays dropped their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Price Performance

Entergy stock opened at $108.01 on Thursday. The firm has a market cap of $50.40 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company’s 50 day moving average is $111.73 and its two-hundred day moving average is $109.52.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

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.