EP Wealth Advisors LLC Invests $1.96 Million in Entergy Corporation $ETR

EP Wealth Advisors LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 17,032 shares of the utilities provider's stock, valued at approximately $1,956,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Bell Investment Advisors Inc acquired a new stake in Entergy during the second quarter valued at approximately $28,000. Dynamic Wealth Strategies LLC bought a new stake in shares of Entergy in the 1st quarter valued at approximately $30,000. Fairway Wealth LLC acquired a new position in shares of Entergy in the 1st quarter worth approximately $30,000. United Community Bank raised its holdings in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after buying an additional 242 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in shares of 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 buying an additional 154 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

NYSE:ETR opened at $104.56 on Friday. The stock has a market capitalization of $48.79 billion, a P/E ratio of 26.81, a price-to-earnings-growth 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 Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm has a 50 day moving average of $111.55 and a 200-day moving average of $109.57.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 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 return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the company earned $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 EPS for the current fiscal year.

Entergy Announces Dividend

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 paid 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 yield of 2.4%. Entergy's payout ratio is currently 65.64%.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. Barclays decreased their price target on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. UBS Group reiterated a "buy" rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted 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. Truist Financial set a $122.00 target price on shares of Entergy and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the company's 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. This trade represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

About Entergy

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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