18,117 Shares in Entergy Corporation $ETR Acquired by Ninepoint Partners LP

Ninepoint Partners LP purchased a new position in Entergy Corporation (NYSE:ETR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,117 shares of the utilities provider’s stock, valued at approximately $1,688,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. increased its holdings in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Capital A Wealth Management LLC grew its stake in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Entergy in the second quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the second quarter valued at $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Argus set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. Mizuho set a $112.00 price target on Entergy in a research report on Friday, February 13th. Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, TD Cowen initiated coverage on shares of Entergy in a research report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.11.

Entergy Trading Up 1.3%

Shares of NYSE:ETR opened at $107.05 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.21. The stock has a market cap of $48.49 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.09 and a beta of 0.65. The business has a 50-day moving average price of $97.12 and a 200-day moving average price of $94.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th 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 Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

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.