Roberts Glore & Co. Inc. IL Makes New Investment in Entergy Corporation $ETR

Roberts Glore & Co. Inc. IL bought a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,220 shares of the utilities provider’s stock, valued at approximately $2,093,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Callan Family Office LLC purchased a new position in Entergy in the second quarter worth $3,250,000. Illinois Municipal Retirement Fund increased its position in shares of Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Entergy by 4.4% during 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 raised its stake in shares of 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. Finally, Truist Financial Corp boosted its holdings in shares of Entergy by 9.0% in the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after buying an additional 200,783 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ETR shares. Wells Fargo & Company increased their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Citigroup reiterated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Morgan Stanley set a $105.00 price target on shares of Entergy and gave the stock an “equal weight” rating in a research note on Friday. Finally, Barclays lowered their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.84.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy 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 purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the business’s 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 sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. The trade was 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. Corporate insiders own 0.21% of the company’s stock.

Entergy Trading Up 0.5%

Shares of ETR opened at $106.28 on Wednesday. The business has a 50-day moving average of $111.32 and a 200 day moving average of $109.79. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm has a market cap of $49.59 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.81 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 (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion for 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 period in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

Entergy 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.