Emerald Investment Advisers LLC Acquires New Position in Entergy Corporation $ETR

Emerald Investment Advisers LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, HoldingsChannel reports. The fund acquired 109,542 shares of the utilities provider’s stock, valued at approximately $12,582,000. Entergy makes up approximately 0.8% of Emerald Investment Advisers LLC’s portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake 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 worth $295,000 after acquiring an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Entergy by 9.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC increased its stake in Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC raised its holdings 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 purchasing an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings 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 purchasing an additional 102 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

ETR stock opened at $104.56 on Friday. The stock’s 50 day moving average price is $111.55 and its 200 day moving average price is $109.57. The firm has a market cap of $48.79 billion, a P/E ratio of 26.81, a PEG ratio of 1.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Analyst Ratings Changes

Several research firms have weighed in on ETR. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. BTIG Research reissued a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Finally, Truist Financial set a $122.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $120.84.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 on Thursday, August 6th. The shares were purchased 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 directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company’s stock.

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.