NewEdge Advisors LLC Boosts Holdings in Entergy Corporation $ETR

NewEdge Advisors LLC raised its position in Entergy Corporation (NYSE:ETR) by 9.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 532,196 shares of the utilities provider’s stock after acquiring an additional 46,344 shares during the quarter. NewEdge Advisors LLC’s holdings in Entergy were worth $61,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Callan Family Office LLC purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $3,250,000. Illinois Municipal Retirement Fund boosted its stake in Entergy by 18.3% in the 1st 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 in the last quarter. World Investment Advisors grew its position in Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Vestcor Inc grew its position in Entergy by 36.6% during the 4th quarter. Vestcor Inc now owns 78,692 shares of the utilities provider’s stock worth $7,274,000 after purchasing an additional 21,100 shares during the last quarter. Finally, Swiss National Bank increased its stake in Entergy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock valued at $147,270,000 after purchasing an additional 87,300 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired 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 in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by insiders.

Entergy Stock Up 1.2%

Entergy stock opened at $108.52 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The stock has a market capitalization of $50.64 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. The business has a 50 day simple moving average of $110.01 and a 200-day simple moving average of $110.20. Entergy Corporation has a 12 month low of $86.49 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was 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 is presently 65.64%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ETR. BTIG Research restated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. BMO Capital Markets boosted their price target on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Barclays decreased their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Company Profile

Entergy Corporation is an integrated energy company that provides electricity to customers across Arkansas, Louisiana, Mississippi and Texas. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electric power to residential, commercial, industrial and governmental customers. Entergy also supplies natural gas service in parts of its operating territory.

Entergy operates a diverse power-generation portfolio that includes nuclear, natural gas, coal, hydroelectric and renewable resources.