22,042 Shares in Entergy Corporation $ETR Acquired by Tulsa Wealth Advisors INC

Key Points

• Tulsa Wealth Advisors acquired 22,042 Entergy shares during the second quarter, valued at approximately $2.53 million. Institutional investors collectively own 88.07% of the utility company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings, two Holds and one Sell; Entergy has a consensus “Moderate Buy” rating and an average price target of $120.79.
• Entergy exceeded quarterly earnings and revenue estimates, reporting $1.03 EPS on $3.52 billion in revenue. The company also declared a quarterly dividend of $0.64 per share, representing a 2.4% annualized yield.

Tulsa Wealth Advisors INC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,042 shares of the utilities provider's stock, valued at approximately $2,532,000.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares in the last quarter. Norges Bank acquired a new position in shares of Entergy during the fourth quarter worth $528,313,000. Bank of New York Mellon Corp acquired a new position in shares of Entergy during the second quarter worth $277,819,000. Morgan Stanley increased its holdings in Entergy by 22.9% in the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider's stock valued at $984,512,000 after buying an additional 1,986,369 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Entergy by 89.6% in the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider's stock valued at $357,415,000 after buying an additional 1,826,782 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent analyst reports. Morgan Stanley set a $109.00 price target on Entergy in a report on Wednesday, July 22nd. Weiss Ratings upgraded Entergy from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday, August 5th. Mizuho set a $122.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Seaport Research Partners cut Entergy from a "buy" rating to a "neutral" rating in a research note on Monday, April 20th. Finally, Barclays lowered their price target on Entergy from $124.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.79.

Entergy Price Performance

Shares of ETR opened at $107.76 on Monday. 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 1-year low of $86.40 and a 1-year high of $118.44. The stock has a market cap of $50.28 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The firm has a fifty day moving average price of $111.80 and a 200 day moving average price of $109.27.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 dividend on an annualized basis and a dividend yield of 2.4%. Entergy's dividend 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.

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