HighTower Advisors LLC Has $9.99 Million Stake in Entergy Corporation $ETR

HighTower Advisors LLC trimmed its stake in Entergy Corporation (NYSE:ETR - Free Report) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,983 shares of the utilities provider's stock after selling 27,095 shares during the period. HighTower Advisors LLC's holdings in Entergy were worth $9,991,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider's stock worth $295,000 after purchasing an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider's stock valued at $126,000 after purchasing an additional 92 shares during the last quarter. Aristotle Capital Management LLC boosted its position in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider's stock valued at $211,000 after buying an additional 96 shares in the last quarter. Founders Financial Securities LLC boosted its position in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider's stock valued at $481,000 after buying an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider's stock worth $352,000 after buying an additional 102 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Morgan Stanley set a $105.00 price target on Entergy and gave the stock an "equal weight" rating in a research report on Friday, August 21st. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Truist Financial set a $122.00 price objective on Entergy and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's 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.

Entergy Trading Down 1.1%

Shares of NYSE ETR opened at $107.30 on Thursday. Entergy Corporation has a 1-year low of $86.90 and a 1-year high of $118.44. The company has a 50-day moving average of $109.90 and a two-hundred day moving average of $110.23. The company has a market cap of $50.07 billion, a PE ratio of 27.51, a P/E/G ratio of 2.43 and a beta of 0.49. 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 released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations 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 prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp bought 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, for a total transaction of $106,080.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

About Entergy

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.

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