Harrell Investment Partners LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund acquired 27,931 shares of the utilities provider’s stock, valued at approximately $2,582,000.
Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its stake in shares of Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Capital A Wealth Management LLC increased its stake in shares of Entergy by 5,466.7% in 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. JFS Wealth Advisors LLC raised its holdings in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.
Entergy Price Performance
Shares of NYSE:ETR opened at $111.06 on Tuesday. The stock has a market capitalization of $50.31 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.17 and a beta of 0.64. The business has a 50-day moving average of $101.97 and a two-hundred day moving average of $96.85. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $111.99. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, February 9th. Entergy’s payout ratio is presently 65.47%.
Insider Activity
In related news, EVP John C. Dinelli sold 5,372 shares of the company’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 directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.
Key Stories Impacting Entergy
Here are the key news stories impacting Entergy this week:
- Positive Sentiment: Meta will fully fund seven new natural‑gas plants, ~240 miles of 500 kV transmission, batteries and up to 2.5 GW of solar to serve its Louisiana AI data center — a multi‑decade growth runway for Entergy with limited bill pressure on other customers; the story also cites a ~2.49% dividend yield. Meta Platforms Just Made Entergy a Top Stock to Buy… and It Pays a 2.49% Dividend
- Positive Sentiment: Market coverage highlights the Meta funding as the catalyst for today’s rally (reports note Entergy rose ~8.4% after the announcement). Entergy (ETR) Is Up 8.4% After Meta Funds New Gas Fleet And Grid Upgrades In Louisiana
- Positive Sentiment: Barclays raised its price target to $118 and put an Overweight rating on ETR, signaling buyside support tied to the new contract and regulated growth. Benzinga
- Positive Sentiment: Mizuho increased its price target to $120 and moved to Outperform, reflecting higher earnings/capex visibility. Benzinga
- Positive Sentiment: BMO Capital Markets raised its target to $118 and kept an Outperform call, reinforcing the bullish analyst reaction. Benzinga
- Positive Sentiment: UBS/TipRanks reiterated a Buy, citing the data‑center partnership and regulated capex pipeline as supporting a premium valuation. Entergy: Data Center Partnership and Regulated Capex Pipeline Support Premium-Valuation Buy Thesis
- Neutral Sentiment: Zacks includes Entergy among defensive picks for volatile markets (dividends, low beta, steady growth) — supportive for longer‑term income investors but not an immediate price catalyst. 5 Defensive Stocks to Buy Amid Market’s Recent Bloodbath
- Neutral Sentiment: Zacks also flagged Entergy as a heavy mover on higher volume and note that recent earnings‑estimate revisions could support further gains — a technical/flow observation rather than fundamental news. Entergy (ETR) Surges 6.8%: Is This an Indication of Further Gains?
- Negative Sentiment: One Seeking Alpha piece notes a rating downgrade despite praising the Meta deal, flagging potential concerns (regulatory approval, execution risk, or valuation). This indicates some analysts remain cautious even as others raise targets. Entergy: Meta Deal Exemplifies Its Strong Growth Profile (Rating Downgrade)
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ETR. Wells Fargo & Company boosted their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Mizuho lifted their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday. Argus set a $100.00 price target on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. KeyCorp increased their price objective on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Siebert Williams Shank initiated coverage on shares of Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.17.
About Entergy
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.
Further Reading
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