Global Retirement Partners LLC Buys New Holdings in Entergy Corporation $ETR

Global Retirement Partners LLC purchased a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,094 shares of the utilities provider’s stock, valued at approximately $2,767,000.

Other institutional investors also recently bought and sold shares of the company. Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy in the first quarter worth $30,000. Fairway Wealth LLC purchased a new position in shares of Entergy during the first quarter worth $30,000. United Community Bank raised its holdings in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Finally, Union Savings Bank acquired a new position in Entergy during the fourth quarter valued at $28,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. BTIG Research reissued a “buy” rating and issued a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. UBS Group restated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, Barclays reduced their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.79.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Performance

NYSE ETR opened at $107.76 on Monday. The stock has a market capitalization of $50.28 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.84 and a beta of 0.50. The stock has a 50-day moving average of $111.80 and a 200 day moving average of $109.27. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last issued 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 for the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 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.