Wealth Enhancement Advisory Services LLC Increases Holdings in Entergy Corporation $ETR

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Entergy Corporation by 5.6% during the second quarter, reaching 109,120 shares valued at $8.94 million.
• Entergy's stock has a consensus rating of "Moderate Buy" among analysts, with an average target price of $89.87.
• Entergy has announced a quarterly dividend of $0.60, which results in an annualized yield of 2.7% based on its dividend payout ratio of 59.85%.

Wealth Enhancement Advisory Services LLC increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,120 shares of the utilities provider's stock after buying an additional 5,783 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Entergy were worth $8,939,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ETR. Mattson Financial Services LLC raised its position in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 150 shares during the period. Atwood & Palmer Inc. grew its stake in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy in the first quarter worth approximately $28,000. Grove Bank & Trust boosted its position in Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Entergy during the 1st quarter valued at $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ETR shares. Morgan Stanley set a $86.00 target price on Entergy and gave the company an "outperform" rating in a research report on Thursday, August 21st. Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Barclays decreased their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their price objective on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, KeyCorp reiterated an "overweight" rating and set a $96.00 price objective (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and an average target price of $89.87.

Entergy Price Performance

NYSE:ETR opened at $89.27 on Tuesday. Entergy Corporation has a 52 week low of $64.38 and a 52 week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $39.85 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61. The stock's 50-day moving average price is $88.59 and its 200-day moving average price is $84.71.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm'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 directly owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by company insiders.

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.

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