United Capital Financial Advisors LLC Buys New Stake in Entergy Corporation $ETR

Key Points

• United Capital Financial Advisors initiated a stake of 24,362 Entergy shares valued at approximately $2.8 million. Institutional investors and hedge funds collectively own 88.07% of the utility company.
• Analysts maintain a generally positive outlook, with Entergy receiving a consensus “Moderate Buy” rating and an average price target of $120.84. Recent quarterly results slightly exceeded expectations, with EPS of $1.03 and revenue of $3.52 billion.
• Entergy declared a quarterly dividend of $0.64 per share, equivalent to $2.56 annually and a 2.4% yield. Insider activity was mixed, with one insider selling shares while a director purchased 1,000 shares.

United Capital Financial Advisors LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,362 shares of the utilities provider's stock, valued at approximately $2,798,000.

A number of other large investors have also made changes to their positions in ETR. Callan Family Office LLC bought a new position in Entergy during the second quarter worth about $3,250,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Entergy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider's stock worth $87,194,000 after purchasing an additional 38,742 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock worth $20,265,000 after purchasing an additional 27,868 shares during the period. World Investment Advisors lifted its holdings in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock valued at $5,303,000 after purchasing an additional 38,195 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Entergy by 9.0% during the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider's stock worth $225,481,000 after buying an additional 200,783 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company's stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research reports. Wall Street Zen cut shares of Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Evercore reissued an "outperform" rating and issued a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Weiss Ratings cut shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. BTIG Research reaffirmed a "buy" rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Citigroup reiterated a "neutral" rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.84.

Entergy Stock Down 0.7%

NYSE:ETR opened at $105.77 on Friday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The firm has a market capitalization of $49.36 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.82 and a beta of 0.50. 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's 50 day moving average price is $111.05 and its two-hundred day moving average price is $109.89.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio (DPR) is currently 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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