Tounjian Advisory Partners LLC Acquires Shares of 15,932 Entergy Corporation $ETR

Tounjian Advisory Partners LLC acquired a new stake in Entergy Corporation (NYSE:ETR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 15,932 shares of the utilities provider’s stock, valued at approximately $1,473,000.

A number of other institutional investors have also modified their holdings of ETR. CWA Asset Management Group LLC raised its position in Entergy by 15.6% in the 4th quarter. CWA Asset Management Group LLC now owns 36,500 shares of the utilities provider’s stock valued at $3,374,000 after purchasing an additional 4,924 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Entergy in the fourth quarter valued at $119,000. Sagespring Wealth Partners LLC increased its stake in Entergy by 34.1% in the fourth quarter. Sagespring Wealth Partners LLC now owns 13,857 shares of the utilities provider’s stock valued at $1,281,000 after purchasing an additional 3,521 shares during the period. Union Bancaire Privee UBP SA raised its holdings in shares of Entergy by 291.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 221,865 shares of the utilities provider’s stock valued at $20,642,000 after buying an additional 165,219 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Entergy by 3.4% during the fourth quarter. GAMMA Investing LLC now owns 17,762 shares of the utilities provider’s stock worth $1,642,000 after buying an additional 590 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Down 3.8%

NYSE ETR opened at $99.99 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. The stock has a market capitalization of $45.29 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.97 and a beta of 0.64. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The firm has a 50-day moving average price of $100.78 and a 200 day moving average price of $96.06.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value 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 represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on ETR shares. Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Siebert Williams Shank initiated coverage on Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price on the stock. Barclays set a $96.00 target price on Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. BMO Capital Markets upped their price target on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, Mizuho set a $112.00 price target on Entergy in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.17.

About Entergy

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.