Fig Financial Advisory Services Inc. ADV Has $2.22 Million Stake in Entergy Corporation $ETR

Fig Financial Advisory Services Inc. ADV boosted its position in shares of Entergy Corporation (NYSE:ETR) by 63.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,341 shares of the utilities provider’s stock after buying an additional 7,497 shares during the quarter. Entergy accounts for 1.3% of Fig Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 18th biggest holding. Fig Financial Advisory Services Inc. ADV’s holdings in Entergy were worth $2,222,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Caliber Wealth Management LLC KS purchased a new stake in shares of Entergy in the fourth quarter worth approximately $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 boosted its holdings 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 grew its position in Entergy by 170.6% during the fourth 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 grew its position in Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock valued at $225,481,000 after purchasing an additional 200,783 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of a number of research analyst reports. Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. UBS Group reaffirmed a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Mizuho set a $122.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, BMO Capital Markets lifted their price objective on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Price Performance

NYSE ETR opened at $108.28 on Wednesday. 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 has a market capitalization of $50.53 billion, a PE ratio of 27.76, 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. The company has a 50 day moving average price of $111.78 and a two-hundred day moving average price of $109.43.

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

Entergy Dividend Announcement

The firm 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 yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on 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 transaction, the insider owned 14,182 shares in the company, 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 through 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 company’s stock in a transaction dated Thursday, August 6th. The stock was acquired 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 of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Entergy 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.