Allworth Financial LP Takes Position in Entergy Corporation $ETR

Key Points

• Allworth Financial LP purchased 14,181 Entergy shares during the second quarter, establishing a stake valued at approximately $1.63 million. Institutional investors and hedge funds collectively own 88.07% of Entergy.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $120.84. However, individual views varied, including a downgrade to Sell from Wall Street Zen.
• Entergy reported quarterly EPS of $1.03, slightly above estimates, and revenue of $3.52 billion. The company declared a quarterly dividend of $0.64 per share, equivalent to a 2.4% annual yield.

Allworth Financial LP purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,181 shares of the utilities provider's stock, valued at approximately $1,629,000.

Other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC increased its stake in Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider's stock valued at $295,000 after purchasing an additional 90 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider's stock worth $126,000 after buying an additional 92 shares during the period. Aristotle Capital Management LLC grew its holdings in shares of Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider's stock worth $211,000 after buying an additional 96 shares during the last quarter. Founders Financial Securities LLC grew its holdings in shares of 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 buying an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider's stock valued at $352,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on ETR. Scotiabank reaffirmed a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Barclays dropped their target price on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings cut Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday. Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Finally, UBS Group reiterated a "buy" rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and an average target price of $120.84.

Insider Activity

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was bought 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 in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company's stock.

Entergy Stock Down 2.6%

Shares of NYSE ETR opened at $104.56 on Friday. The firm has a market cap of $48.79 billion, a P/E ratio of 26.81, a price-to-earnings-growth 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. The firm's 50 day moving average price is $111.55 and its 200 day moving average price is $109.57.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 period in the previous year, the firm posted $1.05 EPS. 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 earnings per share for the current year.

Entergy Announces Dividend

The firm 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 dividend of $0.64 per share. 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 65.64%.

Entergy Company 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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