IFP Advisors Inc Has $2.77 Million Stock Position in Entergy Corporation $ETR

IFP Advisors Inc reduced its position in Entergy Corporation (NYSE:ETR) by 29.0% during the second quarter, HoldingsChannel reports. The firm owned 24,127 shares of the utilities provider’s stock after selling 9,869 shares during the period. IFP Advisors Inc’s holdings in Entergy were worth $2,771,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of Entergy in the 2nd quarter valued at about $28,000. Pingora Partners LLC acquired a new stake in Entergy during the second quarter worth approximately $30,000. Dynamic Wealth Strategies LLC bought a new stake in Entergy in the first quarter worth approximately $30,000. Fairway Wealth LLC bought a new stake in Entergy in the first quarter worth approximately $30,000. Finally, Union Savings Bank acquired a new position in Entergy in the fourth quarter valued at approximately $28,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETR has been the topic of several research analyst reports. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Evercore reissued an “outperform” rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Morgan Stanley set a $105.00 target price on Entergy and gave the company an “equal weight” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets upped their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

Entergy Price Performance

Entergy stock opened at $105.34 on Friday. The business’s 50 day simple moving average is $109.52 and its 200 day simple moving average is $110.21. Entergy Corporation has a 12 month low of $87.38 and a 12 month high of $118.44. The company has a market cap of $49.16 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.37 and a beta of 0.49. 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 (NYSE:ETR) last released 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. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts forecast that Entergy Corporation will post 4.39 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Insider Activity

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents 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 hyperlink. Also, insider Laura R. Landreaux sold 5,600 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This trade represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.