Avalon Trust Co Takes Position in Entergy Corporation $ETR

Avalon Trust Co purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 68,670 shares of the utilities provider's stock, valued at approximately $7,887,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in 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 buying an additional 8,046,287 shares during the period. Norges Bank acquired a new position in shares of Entergy during the fourth quarter worth about $528,313,000. Morgan Stanley increased its stake in shares of Entergy by 22.9% during the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider's stock worth $984,512,000 after acquiring an additional 1,986,369 shares during the period. Raymond James Financial Inc. raised its holdings in Entergy by 89.6% during the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider's stock worth $357,415,000 after purchasing an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in Entergy during the fourth quarter worth about $153,616,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Truist Financial set a $122.00 target price on Entergy and gave the stock a "buy" rating in a research note on Thursday. Seaport Research Partners cut Entergy from a "buy" rating to a "neutral" rating in a report on Monday, April 20th. Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Finally, Mizuho set a $122.00 price target on Entergy and gave the company an "outperform" rating in a research note on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.79.

Entergy Stock Up 0.8%

ETR stock opened at $107.76 on Friday. The company has a market cap of $50.28 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company's 50-day moving average price is $111.80 and its 200 day moving average price is $109.17. 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 issued its 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 net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.64 dividend. The ex-dividend date 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 currently 65.64%.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm'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 transaction, the insider directly owned 14,182 shares of the company's stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were 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 owned 3,423 shares of the company's stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company's stock.

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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