Phoenix Wealth Advisors Acquires Shares of 16,246 Entergy Corporation $ETR

Key Points

• Phoenix Wealth Advisors acquired a new stake of 16,246 shares in Entergy (NYSE:ETR) in Q4, valued at about $1.50 million.
• Analyst sentiment is positive overall — MarketBeat shows a consensus rating of "Moderate Buy" with a $110.17 target, and multiple firms have issued buy/overweight ratings and raised price targets (e.g., Barclays $118, Citi $116, RBC $112).
• Entergy declared a $0.64 quarterly dividend (annualized $2.56, ~2.2% yield; ex-dividend May 1, payable June 1), while EVP John C. Dinelli sold 5,372 shares, leaving insiders with 0.39% ownership.

Phoenix Wealth Advisors acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,246 shares of the utilities provider's stock, valued at approximately $1,502,000.

Several other institutional investors have also modified their holdings of ETR. Capital A Wealth Management LLC boosted its position in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider's stock worth $28,000 after acquiring an additional 328 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 115 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 194 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in Entergy by 44.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider's stock worth $39,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ETR. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 target price on shares of Entergy in a research note on Friday, January 23rd. TD Cowen began coverage on shares of Entergy in a report on Friday, January 9th. They issued a "buy" rating and a $108.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Entergy from $113.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, December 11th. Citigroup increased their price target on shares of Entergy from $106.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 18th. Finally, Barclays increased their price target on shares of Entergy from $96.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.17.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

Entergy stock opened at $114.60 on Thursday. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $115.61. The stock has a market capitalization of $52.47 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.27 and a beta of 0.57. The firm's 50-day moving average is $104.64 and its two-hundred day moving average is $98.03. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the prior year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy's payout ratio is 65.47%.

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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