Tulsa Wealth Advisors INC Acquires Shares of 22,042 Entergy Corporation $ETR

Tulsa Wealth Advisors INC bought a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,042 shares of the utilities provider’s stock, valued at approximately $2,532,000.

Other hedge funds have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Entergy by 3.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after buying an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 92 shares during the last quarter. Aristotle Capital Management LLC lifted its position in Entergy by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares during the period. Founders Financial Securities LLC lifted its position in Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in Entergy by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated 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 sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $107.76 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a 50 day simple moving average of $111.80 and a 200-day simple moving average of $109.27. The company has a market cap of $50.28 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ETR. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Thursday. Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Finally, BMO Capital Markets upped their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.79.

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.