OneDigital Investment Advisors LLC Takes $1.16 Million Position in Entergy Corporation $ETR

Key Points

• OneDigital Investment Advisors purchased 10,096 Entergy shares worth approximately $1.16 million, while institutional investors collectively own 88.07% of the company.
• Entergy reported quarterly EPS of $1.03, exceeding the $1.01 analyst consensus, and revenue of $3.52 billion versus the $3.49 billion estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $121.05.
• Entergy declared a quarterly dividend of $0.64 per share, equivalent to $2.56 annually and a 2.4% yield. Recent insider activity included a director purchase, partially offset by an insider sale conducted under a Rule 10b5-1 plan.

OneDigital Investment Advisors LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,096 shares of the utilities provider's stock, valued at approximately $1,160,000.

A number of other large investors have also added to or reduced their stakes in the business. Caliber Wealth Management LLC KS bought a new position in Entergy during the 4th quarter worth $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider's stock valued at $87,194,000 after buying an additional 38,742 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock valued at $20,265,000 after buying an additional 27,868 shares during the period. World Investment Advisors increased its stake in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock valued at $5,303,000 after buying an additional 38,195 shares during the period. Finally, Truist Financial Corp raised its position in shares of Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock worth $225,481,000 after acquiring an additional 200,783 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling at Entergy

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on ETR shares. Wells Fargo & Company upped their target price on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on shares of Entergy in a report on Wednesday, July 22nd. Citigroup restated a "neutral" rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Finally, Seaport Research Partners cut shares of Entergy from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $121.05.

Entergy Trading Up 0.6%

NYSE ETR opened at $108.52 on Tuesday. The business has a 50 day simple moving average of $111.80 and a 200 day simple moving average of $109.35. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44. The stock has a market capitalization of $50.64 billion, a P/E ratio of 27.83, 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 earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current 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 given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy's payout ratio is presently 65.64%.

Entergy Company 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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