47,142 Shares in Entergy Corporation $ETR Bought by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners bought 47,142 Entergy shares worth approximately $5.4 million in the second quarter. Institutional investors collectively own 88.07% of the utility company.
• Analysts remain generally positive, with 17 Buy ratings and three Holds; Entergy has a consensus “Moderate Buy” rating and an average price target of $120.84.
• Entergy reported quarterly EPS of $1.03, exceeding estimates, and announced a quarterly dividend of $0.64 per share, representing a 2.4% yield. Its shares opened at $104.56, down 2.6%.

Elevation Point Wealth Partners LLC purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,142 shares of the utilities provider's stock, valued at approximately $5,415,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of 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 purchasing an additional 6,733 shares during the last quarter. Woodline Partners LP grew its stake in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider's stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new position in Entergy during the 2nd quarter worth approximately $6,869,000. Brown Advisory Inc. increased its position in 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 during the period. Finally, Qube Research & Technologies Ltd acquired a new position in Entergy during the second quarter worth approximately $17,225,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Weiss Ratings cut shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday. Jefferies Financial Group reiterated a "buy" rating on shares of Entergy in a research report on Wednesday, June 10th. Wells Fargo & Company increased their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Citigroup reiterated a "neutral" rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $120.84.

Entergy Stock Down 2.6%

Entergy stock opened at $104.56 on Friday. The stock has a 50 day moving average of $111.55 and a two-hundred day moving average of $109.57. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The stock has a market capitalization of $48.79 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last announced 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 net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 10,638 shares of the company'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 transaction, the insider directly owned 14,182 shares of the company's stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price 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 of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

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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