Peterson Wealth Services Acquires Shares of 9,454 Entergy Corporation $ETR

Peterson Wealth Services acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, HoldingsChannel reports. The firm acquired 9,454 shares of the utilities provider’s stock, valued at approximately $874,000.

Several other large investors have also bought and sold shares of the stock. Fox Hill Wealth Management lifted its stake in Entergy by 4.1% during the 4th quarter. Fox Hill Wealth Management now owns 24,942 shares of the utilities provider’s stock valued at $2,305,000 after acquiring an additional 985 shares in the last quarter. Qtron Investments LLC lifted its stake in Entergy by 92.1% during the 4th quarter. Qtron Investments LLC now owns 12,814 shares of the utilities provider’s stock valued at $1,184,000 after acquiring an additional 6,145 shares in the last quarter. Nuveen LLC lifted its stake in Entergy by 10.3% during the 4th quarter. Nuveen LLC now owns 2,303,545 shares of the utilities provider’s stock valued at $212,917,000 after acquiring an additional 214,757 shares in the last quarter. Xponance LLC lifted its position in shares of Entergy by 5.5% during the 4th quarter. Xponance LLC now owns 70,625 shares of the utilities provider’s stock worth $6,528,000 after buying an additional 3,705 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Entergy by 0.5% during the 4th quarter. IFM Investors Pty Ltd now owns 111,966 shares of the utilities provider’s stock worth $10,349,000 after buying an additional 550 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Wednesday. Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Finally, Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Trading Down 0.4%

NYSE:ETR opened at $110.00 on Friday. 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 stock has a market capitalization of $50.37 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. The firm’s 50 day moving average is $112.51 and its 200 day moving average is $103.36. Entergy Corporation has a 12 month low of $80.11 and a 12 month high of $118.44.

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

Entergy Announces Dividend

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

Entergy 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.