Global Retirement Partners LLC Takes $2.77 Million Position in Entergy Corporation $ETR

Key Points

• Global Retirement Partners acquired 24,094 Entergy shares worth approximately $2.77 million in the second quarter. Institutional investors collectively own 88.07% of Entergy’s stock.
• Entergy exceeded quarterly expectations with adjusted earnings of $1.03 per share and revenue of $3.52 billion, while maintaining 2026 EPS guidance of $4.25–$4.45.
• The company declared a quarterly dividend of $0.64 per share, representing an annualized dividend of $2.56 and a 2.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $120.79.

Global Retirement Partners LLC purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,094 shares of the utilities provider's stock, valued at approximately $2,767,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its stake in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider's stock worth $3,097,000 after purchasing an additional 10,476 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Entergy during the second quarter valued at about $6,869,000. Brown Advisory Inc. grew its position in shares of Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider's stock valued at $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy in the second quarter worth about $17,225,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Down 0.1%

Shares of NYSE:ETR opened at $107.76 on Monday. The business's 50-day moving average is $111.80 and its 200 day moving average is $109.27. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

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, topping 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 business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio (DPR) is 65.64%.

Analyst Ratings Changes

Several analysts have recently issued reports on ETR shares. Seaport Research Partners cut Entergy from a "buy" rating to a "neutral" rating in a report on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Mizuho set a $122.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Wells Fargo & Company boosted their price target on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average target price of $120.79.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business'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 transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company's stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company's stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is 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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