Retirement Planning Co of New England Inc. Invests $355,000 in Entergy Corporation $ETR

Key Points

• Retirement Planning Co of New England Inc. has made a new investment of $355,000 in Entergy Corporation, acquiring 4,158 shares of the utility provider.
• Analysts have set a new average price target of $88.50 for Entergy shares, with Barclays and JPMorgan Chase both giving the stock an "overweight" rating.
• Entergy recently announced a quarterly dividend of $0.60, equating to an annual yield of 2.7%, with a payout ratio of approximately 59.85%.

Retirement Planning Co of New England Inc. bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,158 shares of the utilities provider's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Glen Eagle Advisors LLC lifted its stake in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC acquired a new stake in Entergy during the fourth quarter valued at approximately $30,000. Grove Bank & Trust lifted its stake in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy in the 1st quarter valued at approximately $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ETR. Mizuho set a $97.00 price target on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. Barclays reduced their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, KeyCorp restated an "overweight" rating and issued a $96.00 price target (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Entergy Stock Down 0.3%

Entergy stock traded down $0.26 during trading hours on Wednesday, hitting $87.15. The company had a trading volume of 1,545,410 shares, compared to its average volume of 2,372,229. The firm has a market capitalization of $38.90 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The firm's fifty day moving average is $86.91 and its 200-day moving average is $84.41. Entergy Corporation has a fifty-two week low of $60.00 and a fifty-two week high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter in the prior year, the business earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, August 13th. Entergy's dividend payout ratio is currently 59.85%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.