Northwestern Mutual Wealth Management Co. Has $15.98 Million Stake in Entergy Corporation $ETR

Northwestern Mutual Wealth Management Co. boosted its stake in Entergy Corporation (NYSE:ETR) by 572.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,865 shares of the utilities provider’s stock after buying an additional 147,167 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Entergy were worth $15,978,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its position in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new position in Entergy in the second quarter valued at about $6,869,000. Brown Advisory Inc. boosted its position in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after buying an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Entergy in the second quarter valued at about $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 1.3%

Shares of NYSE ETR opened at $111.96 on Thursday. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a market cap of $51.26 billion, a PE ratio of 28.56, a P/E/G ratio of 1.89 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average of $110.97 and a two-hundred day moving average of $101.74.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of research firms have commented on ETR. Truist Financial set a $130.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Monday, April 20th. UBS Group restated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Morgan Stanley set a $98.00 price target on shares of Entergy in a research report on Friday, February 20th. Jefferies Financial Group restated a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Finally, Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.21.

Insider Buying and Selling at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were 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 directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.