Emerald Investment Advisers LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 109,542 shares of the utilities provider's stock, valued at approximately $12,582,000. Entergy comprises 0.8% of Emerald Investment Advisers LLC's holdings, making the stock its 21st biggest holding.
Several other institutional investors also recently added to or reduced their stakes in ETR. Bell Investment Advisors Inc purchased a new position in shares of Entergy during the second quarter worth approximately $28,000. Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the 1st quarter valued at $30,000. Fairway Wealth LLC purchased a new stake in Entergy in the 1st quarter valued at $30,000. United Community Bank boosted its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after purchasing an additional 242 shares during the period. Finally, Washington Trust Advisors Inc. boosted its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock worth $26,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.
Insider Activity at Entergy
In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 directly owned 14,182 shares of the company's stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company's stock.
Entergy Stock Down 2.6%
ETR stock opened at $104.56 on Friday. The stock has a market capitalization of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50. The company has a fifty day moving average of $111.55 and a 200-day moving average of $109.57. 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 one year low of $86.40 and a one year high of $118.44.
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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 4.4 EPS for the current year.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 payout ratio is presently 65.64%.
Analyst Ratings Changes
A number of research analysts have commented on ETR shares. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an "equal weight" rating in a research note on Friday. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Weiss Ratings downgraded Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.84.
Read Our Latest Stock Analysis on ETR
Entergy Company Profile
(
Free Report)
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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