Shelton Wealth Management LLC Makes New Investment in Entergy Corporation $ETR

Key Points

• Shelton Wealth Management acquired 12,232 Entergy shares worth approximately $1.21 million in the third quarter. Institutional investors collectively own 88.07% of the company.
• Entergy reported quarterly earnings of $1.03 per share, exceeding analyst expectations, and issued fiscal 2026 EPS guidance of $4.25–$4.45. The company also pays a quarterly dividend of $0.64, yielding about 2.4% annually.
• Wall Street analysts maintain a “Moderate Buy” consensus rating, with an average price target of $120.83 compared with the stock’s recent price of $105.13.

Shelton Wealth Management LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,232 shares of the utilities provider's stock, valued at approximately $1,214,000.

Other hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc bought a new position in shares of Entergy in the 2nd quarter worth about $28,000. Pingora Partners LLC purchased a new stake in Entergy in the second quarter worth about $30,000. Bank of New Hampshire grew its holdings in Entergy by 303.0% in the third quarter. Bank of New Hampshire now owns 266 shares of the utilities provider's stock worth $26,000 after purchasing an additional 200 shares during the period. Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the first quarter worth about $30,000. Finally, Fairway Wealth LLC bought a new position in shares of Entergy during the first quarter valued at approximately $30,000. Institutional investors own 88.07% of the company's stock.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company's stock.

Entergy Stock Up 1.1%

Entergy stock traded up $1.17 during trading hours on Friday, hitting $105.13. The stock had a trading volume of 2,238,308 shares, compared to its average volume of 3,042,834. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $49.05 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Entergy Corporation has a 12-month low of $90.87 and a 12-month high of $118.44. The stock's 50-day moving average price is $104.34 and its 200-day moving average price is $109.68.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.40 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price target on Entergy from $137.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial set a $119.00 price target on Entergy and gave the stock a "buy" rating in a research note on Monday. Weiss Ratings lowered Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Finally, Evercore reiterated an "outperform" rating and set a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. Seventeen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.83.

Entergy Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.