NewEdge Advisors LLC Purchases 46,344 Shares of Entergy Corporation $ETR

Key Points

• NewEdge Advisors increased its Entergy stake by 9.5% in the second quarter, purchasing 46,344 shares and bringing its holdings to 532,196 shares valued at approximately $61.1 million. Institutional investors collectively own 88.07% of Entergy.
• Analyst sentiment remains positive overall, with 17 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $120.84 price target, despite some downgrades.
• Entergy reported quarterly revenue of $3.52 billion and adjusted earnings of $1.03 per share, slightly exceeding estimates. The company also declared a quarterly dividend of $0.64 per share, representing a 2.4% annualized yield.

NewEdge Advisors LLC boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 532,196 shares of the utilities provider's stock after purchasing an additional 46,344 shares during the period. NewEdge Advisors LLC owned about 0.11% of Entergy worth $61,128,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Morgan Stanley set a $105.00 target price on Entergy and gave the stock an "equal weight" rating in a report on Friday, August 21st. Truist Financial set a $122.00 target price on Entergy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Finally, Weiss Ratings cut Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.84.

Entergy Trading Up 1.2%

Shares of NYSE ETR opened at $108.52 on Wednesday. Entergy Corporation has a 1-year low of $86.49 and a 1-year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The business's 50 day moving average is $110.01 and its two-hundred day moving average is $110.20. The stock has a market capitalization of $50.64 billion, a P/E ratio of 27.83, a PEG ratio of 2.40 and a beta of 0.49.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was 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 presently 65.64%.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company's stock.

About Entergy

Entergy Corporation is an integrated energy company that provides electricity to customers across Arkansas, Louisiana, Mississippi and Texas. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electric power to residential, commercial, industrial and governmental customers. Entergy also supplies natural gas service in parts of its operating territory.

Entergy operates a diverse power-generation portfolio that includes nuclear, natural gas, coal, hydroelectric and renewable resources.

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