6,431 Shares in Entergy Corporation $ETR Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 6,431 shares of the utilities provider’s stock, valued at approximately $739,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC acquired a new position in Entergy during the second quarter worth $2,209,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Entergy in the second quarter valued at $77,000. Rakuten Investment Management Inc. purchased a new stake in shares of Entergy in the 2nd quarter valued at $8,712,000. Empowered Funds LLC purchased a new stake in shares of Entergy in the 2nd quarter valued at $4,590,000. Finally, United Capital Financial Advisors LLC acquired a new position in Entergy during the 2nd quarter worth about $2,798,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.0%

NYSE:ETR opened at $105.77 on Monday. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The firm has a market cap of $49.36 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a fifty day moving average price of $111.05 and a 200 day moving average price of $109.98.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Analysts Set New Price Targets

A number of brokerages recently commented on ETR. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. BTIG Research reissued a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Evercore restated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Finally, BMO Capital Markets upped their target price on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

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.