Entergy Corporation $ETR Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its position in Entergy Corporation (NYSE:ETR) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 84,335 shares of the utilities provider’s stock after buying an additional 6,365 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Entergy were worth $7,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP increased its holdings in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Entergy by 5.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 109,120 shares of the utilities provider’s stock worth $8,939,000 after purchasing an additional 5,783 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Entergy by 23.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,771 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 1,300 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Entergy during the 2nd quarter valued at approximately $3,742,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ETR. UBS Group reaffirmed a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Cowen assumed coverage on shares of Entergy in a research note on Thursday, January 8th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Mizuho boosted their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 target price (up previously from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.97.

Entergy Stock Performance

Shares of NYSE ETR opened at $96.48 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average price is $93.89 and its two-hundred day moving average price is $91.79. Entergy Corporation has a 52-week low of $75.55 and a 52-week high of $98.58. The stock has a market capitalization of $43.09 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.15 and a beta of 0.66.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter last year, the business posted $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. Entergy’s dividend payout ratio is 63.21%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,179 shares of company stock worth $981,707. Insiders own 0.47% of the company’s stock.

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.